In
its
NYSE
approval,
the
SEC
wrote
that
it
believes
options
on
the
bitcoin
ETFs
“would
permit
hedging,
and
allow
for
more
liquidity,
better
price
efficiency,
and
less
volatility
with
respect
to
the
underlying
Funds,”
as
well
as
“enhance
the
transparency
and
efficiency
of
markets
in
these
and
correlated
products.”