SEC approves New York Stock Exchange listing of Bitcoin options ETF

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You can read the news from this site: https://cointelegraph.com/news/sec-approves-new-york-stock-exchange-listing-bitcoin-options-etf

This is about United States but it is worth discussing about.

The important part:

On Oct. 18, the United States Securities and Exchange Commission (SEC) approved the New York Stock Exchange’s application to list the long-anticipated options for spot Bitcoin exchange-traded funds (ETFs).

Options trading will now be available for the 11 approved ETF providers, including Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, the Invesco Galaxy Bitcoin ETF, the Franklin Bitcoin ETF, the VanEck Bitcoin Trust, WisdomTree’s Bitcoin Fund, Grayscale’s Bitcoin Trust, the Grayscale Bitcoin Mini Trust, the Bitwise Bitcoin ETF, BlackRock's iShares Bitcoin Trust ETF, and the Valkyrie Bitcoin Fund.

[Faisal2202]

Its a good news, even if I don't know how much traditional investors are using NYSE and what's the total number of funds they have and using to invest in NYSE but I can be sure of one thing, that would be in billions so if these traditional investors were not preferring BTC as their investment plan before, they will be now.

As they can hedge against the market's volatility in options so they will invest money in BTC increasing the volume and price, overall its good for the BTC market although if they could also provide data on what other people think about BTC price by seeing their put and call trades one can predict the average future price of BTC but I doubt if that data is publicly available.