Key Takeaways
- NYSE Arca plans to expand Bitcoin ETF trading to 22 hours daily.
- The move reflects rising global demand for Bitcoin ETFs and other US-listed securities.
- Regulatory approval from the SEC is still pending for this expansion.
The New York Stock Exchange (NYSE) has announced a proposal to extend the trading hours of Bitcoin ETFs on its NYSE Arca exchange.
This move, pending regulatory approval, would increase trading availability to 22 hours a day, five days a week, reflecting the growing global demand for US-listed securities, including Bitcoin exchange-traded funds (ETFs).
Current hours
Currently, NYSE operates from 9:30 a.m. to 4:00 p.m. Eastern Time (ET).
Under the proposed plan, the trading session would start at 1:30 a.m. and end at 11:30 p.m. ET, offering nearly around-the-clock access.
The change is intended to enhance trading flexibility and improve liquidity for investors across multiple time zones.
Kevin Tyrrell, NYSE’s Head of Markets, said:
The NYSE is pleased to lead the way in enabling exchange-based trading for our US-listed companies and funds to investors in time zones across the globe.
Options
The SEC has recently approved Bitcoin ETF options, adding momentum to the NYSE’s expansion plans.
Extended trading could help bridge the gap between traditional financial markets and the constantly active digital asset market, providing more access to global investors, particularly in Europe and Asia.
The plan still awaits regulatory approval from US authorities, including the SEC and the Depository Trust & Clearing Corporation.
