NYSE American LLC Withdraws Bitcoin Spot ETF Options Listing Application

IconCryptoNewsTerminal Staff15 Aug, 2024

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NYSE American LLC Withdraws Bitcoin Spot ETF Options Listing Application

NYSE American LLC Withdraws Bitcoin Spot ETF Options Listing Application NYSE American LLC has withdrawn its application to list Bitcoin spot ETF options, according to The Block. NYSE American LLC had previously filed to list the Bitwise Bitcoin ETF and the Grayscale Bitcoin ETF options. This decision comes after the Securities and Exchange Commission (SEC) has repeatedly delayed its decision on approving Bitcoin spot ETFs. The SEC has cited concerns about market manipulation and investor protection as reasons for its delay. The withdrawal of NYSE American LLC's application is a setback for the Bitcoin ETF industry. However, it is unclear if the SEC will ever approve a Bitcoin spot ETF.