The SEC's approval of bitcoin ETF options will forever change the bitcoin market, making it more practical for use by institutional investors.

The SECs surprise approval of Bitcoin ETF options for trading on the NYSE and CBOE is expected to ignite a wave of liquidity. Analysts predict significant institutional inflows that could push Bitcoin prices to

The approval comes several weeks after the SEC approved Nasdaq's rule proposal to allow the listing and trading of options on BlackRock's iShares Bitcoin Trust (IBIT). Options are

In the last five trading days, spot bitcoin ETFs have seen net inflows of more than $2.1 billion, with BlackRock accounting for half of those sales. Of the 80% of direct investors buying IBIT, BlackRock's chief investment officer of ETFs and index investments says 75% had never before owned an iShare.

This week, BlackRock’s spot Bitcoin ETF has taken in over $1 billion alone, representing its sixth largest week of inflows on record based on partial-week data. But the trend isn’t limited to just the Wall Street titan’s product, Butterfill said, with notable inflows across those from several asset managers.

Impressively,7, BlackRock's IBIT amassed net inflows of $309 million, bringing the net US Bitcoin ETFs inflow to over $470 million.