Why the NYSE American Ditched Plans for a Bitcoin ETF
In the ever-evolving landscape of cryptocurrency investments, the recent decision by NYSE American LLC to withdraw its proposal for listing and trading options on notable products like the Bitwise bitcoin ETF and the Grayscale bitcoin ETF has sparked a flurry of discussions amongst stakeholders and observers alike This move, confirmed through a filing on August 8, 2024, signals a significant moment in the regulatory and operational dynamics of digital asset derivatives Withdrawing Proposals for bitcoin ETF Options The financial world stood on the cusp of a noteworthy evolution with the potential listing of options for the Bitwise bitcoin ETF and the Grayscale bitcoin ETF However, the need for a regulatory change, which was not forthcoming, has led to the shelving of these plans This action is not isolated, as evidenced by similar withdrawals from other exchanges, indicating a broader regulatory apprehension or caution regarding cryptocurrency derivatives...
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