Bitcoin ETF liquidity set to surge after SEC options approval — QCP
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Spot Bitcoin exchange-traded funds (ETFs) could see a significant liquidity boost, after the latest approval of the United States Securities and Exchange Commission (SEC).
On Oct. 18, the US SEC approved applications from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list the long-anticipated options for spot Bitcoin (BTC) exchange-traded funds (ETFs).
This will make options trading available for the 11 approved Bitcoin ETF providers.
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Author: Zoltan Vardai
