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NYSE Arca Withdraws Request to List Options on Commodity Trusts Because Clearly We Already Have Enough Ways for the Average Person to Lose Money in Crypto

Crypto NewsDeFiEthereum 2 Sam Rogers August 15, 2024

An illustration of an old-fashioned alarm clock ringing with its hands pointing at midnight and the background is filled with falling stocks from various industries including cryptocurrency symbols amidst chaos. A giant Bitcoin symbol lies broken on the ground in front of it while nearby are scattered papers labeled as "options" and a calendar showing September 2023, indicating that time has run out for investors to act before more losses occur. The overall atmosphere conveys panic and urgency with bold lines used throughout the image.

It seems like we’re getting close to being able to trade crypto with our hard-earned money without having to resort to shady derivatives. Whoop-de-doo! I mean, what’s the point of trading options on spot ETFs when you can just buy and hold some worthless cryptocurrency that will inevitably tank in value? But hey, at least we’ll have more ways for financial advisors to make a quick buck off their clients by selling them overpriced hedging strategies. And who knows, maybe this is all part of the grand plan to turn crypto into a respectable investment class

Source: cointelegraph

NYSE Arca withdraws request to list options on commodity trusts, crypto ETFs
https://cointelegraph.com/news/nyse-arca-withdraws-request-list-options-commodity-trusts-crypto-etfs
New York Stock Exchange’s (NYSE) Arca electronic exchange withdrew a rule change it proposed in January that would have allowed options trading on commodity-based trusts, including cryptocurrency exchange-traded funds (ETFs), according to an Aug. 13 filing. The purpose of the proposed change was to “permit the listing and trading of options on Commodity-Based Trust Shares,” according to the Jan. 19 filing. It would have included options on crypto ETFs such […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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