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NYSE Halts Plans to List Bitcoin ETF Options

Twitter icon  •  Published 1 year ago on August 16, 2024  •  Hassan Maishera

The New York Stock Exchange operator has canceled plans to list options based on the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust.

NYSE Halts Plans to List Bitcoin ETF Options

TL;DR

  • The NYSE has withdrawn its application to list options based on Bitcoin ETFs.

NYSE Cancel Plans to List Bitcoin ETF Options

According to a Securities and Exchange Commission (SEC) filing, the operator of the New York Stock Exchange has withdrawn its application to list and trade options based on Bitcoin ETFs.

The filing indicated that the NYSE no longer plans to list and trade options based on the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust. 

This latest development comes after the SEC extended its review period multiple times after publishing the NYSE proposal for public comment in February 2024. The regulator initiated formal proceedings in April but the NYSE has now withdrawn its application. 

Another exchange, CBOE, also withdrew its application but has re-filed with a much more extensive proposal.

 

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.