Galaxy announced on its X platform that the SEC has approved spot Bitcoin ETF options listed on Nasdaq. However, CFTC and OCC approvals are still pending. 📈

Spot Bitcoin ETF options will be subject to strict rules to prevent market manipulation and clarify position limits. This development could reduce Bitcoin's volatility and increase investor confidence. 🚀

In addition, Bitcoin's institutionalization is accelerating with the Bank of New York Mellon offering digital asset custody services. 💼