SEC gives NYSE and Cboe the go-ahead to list options trading for multiple spot bitcoin ETFs
Quick Take
- The SEC granted “accelerated approval” to allow for the trading and listing of options of multiple spot bitcoin ETFs.
- The agency first approved listing options on the iShares Bitcoin Trust on Nasdaq ISE, LLC in September.
The U.S. Securities and Exchange Commission has given NYSE American LLC and Cboe Exchange, Inc. the green light to list and trade options on multiple spot bitcoin exchange-traded funds.
The SEC granted "accelerated approval" to allow for the trading and listing of options on the Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the Franklin Bitcoin ETF, the VanEck Bitcoin Trust, the WisdomTree Bitcoin Fund, the Grayscale Bitcoin Trust BTC, the Grayscale Bitcoin Mini Trust, the Bitwise Bitcoin ETF, the iShares Bitcoin Trust ETF and the Valkyrie Bitcoin Fund, according to NYSE's filing.
As for Cboe, the SEC also approved the exchange on an accelerated basis for listing and trading for similar products, including the Fidelity Wise Origin Bitcoin Fund, the ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the Franklin Bitcoin ETF, the VanEck Bitcoin Trust, the WisdomTree Bitcoin Fund, the Grayscale Bitcoin Trust BTC, the Bitwise Bitcoin ETF, the iShares Bitcoin Trust ETF, and the Valkyrie Bitcoin Fund, according to a filing posted on Friday.
"Specifically, the Commission finds that the proposed rule change is consistent with Section 6(b)(5) of the Act, which requires that an exchange have rules designed to prevent fraudulent and manipulative acts and practices, to remove impediments to and perfect the mechanism of a free and open market, and to protect investors and the public interest," the agency said in both filings.
The SEC approved those spot bitcoin ETFs in January. The agency first approved listing options on the iShares Bitcoin Trust on Nasdaq ISE, LLC in September.
Bloomberg's senior ETF analyst Eric Balchunas said the news was not a surprise.
"They approved same thing for Nasdaq recently so not a big surprise but still good news as SEC was big hurdle," Balchunas said in a post on X, adding that he heard "good things about the rest of [the] process," but said the timeline for listing was not clear yet.
Update: Oct. 18, 9:16 p.m. UTC to include details throughout
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
