NYSE Drops Plan to List Bitcoin ETF Options
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Big news: The NYSE has decided not to move forward with its plan to list Bitcoin ETF options. Find out what this means for the market.
The NYSE has recently announced that it will not be proceeding with its plan to list Bitcoin ETF options. This decision could have significant implications for the cryptocurrency market and investors looking for new ways to engage with Bitcoin. In this article, we'll explore why the NYSE made this choice and what it could mean for the future of Bitcoin ETFs.
NYSE Cancels Plan for Bitcoin ETF Options
The New York Stock Exchange (NYSE) has canceled its application to list options tied to the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, as detailed in a Securities and Exchange Commission (SEC) filing.
The SEC had repeatedly extended its review period following the proposal's public release in February 2024, and formal proceedings were started in April. However, the NYSE withdrew its proposal before the SEC reached a final decision.
In a related development, the CBOE, which currently trades several Bitcoin ETFs, initially withdrew its application but has since resubmitted a revised and more comprehensive proposal, according to Bloomberg's James Seyffart.
