SEC Approves Bitcoin ETF Options for Cboe and NYSE: A New Era for Bitcoin Trading

On October 22, COINOTAG reported that the U.S. Securities and Exchange Commission (SEC) has granted **approval** to the Cboe Exchange and NYSE American Exchange for the listing of various **Bitcoin ETF** options. The Cboe Exchange is now authorized to list options for the **Fidelity Wise Origin Bitcoin Fund** (FBTC) and the **ARK 21Shares Bitcoin ETF** (ARKB), while the NYSE American will handle options for the **Grayscale Bitcoin Trust ETF** (GBTC), **Grayscale Bitcoin Mini Trust** (BTC), and the **Bitwise Bitcoin ETF** (BITB). This regulatory development follows the SEC’s prior sanction of options trading for the **iShares Bitcoin Trust** (IBIT), under the management of BlackRock. The exchanges have set a cap of 25,000 contracts per unilateral position for Bitcoin ETF options, which sets a more conservative threshold compared to other ETF options products. As of August 30, 2024, GBTC boasts approximately 367 million shares with a market capitalization exceeding **$13.4 billion**, while BITB has around 68.7 million shares issued. FBTC has surpassed 201 million shares with trading volumes exceeding 1.1 billion, and ARKB has approximately 45.5 million shares in circulation with a trading volume of over 297 million shares in the past six months.