The traditional public markets are getting even more ways to speculate on the price of Bitcoin. And it’s coming to the New York Stock Exchange and the Cboe Exchange next.

‍What’s happening:‍

• The United States Securities and Exchange Commission has granted approval to both the New York Stock Exchange and Cboe Exchange to allow options trading on spot Bitcoin ETFs
  

Why it matters:‍

• Allowing options trading is likely to further accelerate overall liquidity and institutional participation in spot Bitcoin ETFs, which have seen a massive amount of adoption from hedge funds, family offices and even pension funds since first getting listed on major stock exchanges in the United States
  
• The Nasdaq previously was granted approval by the United States Securities and Exchange Commission for options trading on spot Bitcoin ETFs last month, which was the first ever approval to be announced
  

Going deeper:‍

• Many major spot Bitcoin ETFs are listed on the New York Stock Exchange and Cboe Exchange, including Fidelity Wise Origin Bitcoin Fund (BATS: FBTC), the Invesco Galaxy Bitcoin ETF (BATS: BTCO), the VanEck Bitcoin Trust (BATS: HODL) and others
  

The intrigue:‍

• Digital asset focused ETFs have been becoming a new favourite of asset management companies of late, with notable new ETFs debuting on the public markets focused on everything from leveraged exposure to MicroStrategy (NASDAQ: MSTR) stock to emerging crypto projects well beyond just Bitcoin and Ethereum

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