The New York Stock Exchange (NYSE) announced plans to extend weekday trading hours on its NYSE Arca equities exchange, potentially accommodating the surging global demand for US-listed securities, including Bitcoin ETFs (exchange-traded funds).

NYSE Arca is the leading US exchange for listing and trading ETFs. These financial instruments become especially pertinent as investor interest in Bitcoin ETFs and other cryptocurrency-related assets rises.

Bitcoin ETFs Could Trade for 22 Hours A Day

The proposal, which is pending regulatory approval, would see trading extend to 22 hours a day, 5 days a week. The sessions could run from 1:30 a.m. to 11:30 p.m. Eastern Time (ET). This extended schedule would position NYSE Arca as a nearly around-the-clock trading platform.

Traders from various time zones would have increased access to US-listed stocks, crypto ETFs, and closed-end funds. The NYSE believes the expansion will allow investors to trade with more flexibility and will better reflect the global, real-time nature of contemporary financial markets.

“As the steward of the US capital markets, 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,” an excerpt in the announcement read, citing Kevin Tyrrell, Head of Markets, New York Stock Exchange.

This announcement caught the attention of ETF expert Eric Balchunas. The NYSE’s proposal to extend its hours comes as interest in Bitcoin ETFs has intensified following the landmark approval in January. Crypto ETFs offer a regulated option for investors who may be wary of the volatility or complexity associated with holding actual digital assets.

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Author: Lockridge Okoth