The U.S. Securities and Exchange Commission (SEC) has granted accelerated approval for 11 exchange-traded funds (ETFs) to list and trade options tied to spot Bitcoin prices on the New York Stock Exchange (NYSE). This follows a similar approval for Nasdaq. While this is positive news for the crypto market, the options still need approval from the Commodity Futures Trading Commission (CFTC) before they can officially list. The approval of these options marks an important step for institutional investors, as it provides a regulated and efficient tool for hedging and amplifying exposure to Bitcoin. Bitcoin's price has reached a local high of $69,000 and closed Q3 with a modest gain. Market sentiment is bullish as we enter Q4, supported by historical data and a shift in market dynamics after the Federal Reserve's interest rate cut.
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