The US SEC has approved new options on a spot Bitcoin ETF on the New York Stock Exchange (NYSE).

There are now 11 issuers:

1. Fidelity Wise Origin Bitcoin Fund (Fidelity Fund)

2. ARK21Shares Bitcoin ETF (ARK 21Shares Fund)

3. Invesco Galaxy Bitcoin ETF (Invesco Fund)

4. Franklin Bitcoin ETF (Franklin Fund)

5. VanEck Bitcoin Trust (VanEck Fund)

6. WisdomTree Bitcoin Fund (WisdomTree Fund)

7. Grayscale Bitcoin Trust BTC (Grayscale Fund)

8. Grayscale Bitcoin Mini Trust (Grayscale Mini Fund)

9. Bitwise Bitcoin ETF (Bitwise Fund)

10. iShares Bitcoin Trust ETF (iShares Fund)

11. Valkyrie Bitcoin Fund

On September 21, the US SEC approved options on BlackRock's Bitcoin ETF. Let's recall what this means for the crypto market:

- Firstly, the introduction of options on a spot ETF allows investors to apply more complex trading and hedging strategies without owning the crypto asset itself. Which is rather a minus for us, because the emergence of the instrument will not increase demand for the assets themselves and will not raise their prices.

- Secondly, this step could facilitate further integration of BTC into traditional financial markets, enhancing the legitimacy of cryptocurrencies in the eyes of regulators and large financial institutions. Which is, of course, a plus.

- Thirdly, such a move highlights the growing recognition and acceptance of Bitcoin ETFs. It could also open the door to other innovative financial products in the crypto sphere, strengthening the position of cryptocurrencies as a full-fledged asset class in financial markets. Which, again, is also a plus.

Overall, there are more advantages.