🚨 Update: NYSE American Drops Spot Bitcoin ETF Options Bid 🚨$BTC 🌏⤴️🪙

Investors will have to wait longer to trade options contracts tied to Bitcoin and Ethereum values 📉. NYSE American has withdrawn its proposal for spot Bitcoin ETF options trading, which aimed to include Bitwise and Grayscale's Bitcoin ETFs and Ethereum ETFs from Bitwise, Grayscale, and BlackRock 📊.

The SEC's hesitation to approve spot cryptocurrency ETFs led to the withdrawal 🤔. Despite this, experts predict spot Bitcoin ETF options will launch by year-end 📆. The SEC's cautious approach is likely due to concerns about market volatility, investor protection, and regulatory compliance 🛡️.

This withdrawal might be a temporary move, allowing for further dialogue and refinement before resubmitting the proposal 💬. Stay tuned for updates on this developing story! 👀