24X EXCHANGE FILES AMENDED APPLICATION THAT COULD BRING 24/7 TRADING TO CRYPTO ETFS

Imagine a world where you can trade cryptocurrency ETFs at any time, day or night.No more being restricted by traditional market hours.This could soon become a reality, thanks to 24X National Exchange.The company has recently filed an amended application with United States regulators seeking to establish a securities exchange that would offer cryptocurrency exchange-traded funds (ETFs) with round-the-clock trading capabilities.This groundbreaking move has the potential to shake up the crypto ETF landscape in the United States, offering investors unprecedented flexibility and access to the market.For the first time, crypto ETF shares could be traded after-hours in the US.This initiative, detailed in their August 27 filing, aims to significantly expand trading beyond the conventional hours, catering to the growing demand for extended trading sessions.Could this be the dawn of a new era for crypto ETF trading? 24X National Exchange filed an amended application to United States regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded funds (ETFs), according to the Aug. 27 filing and related exhibits. According to the filing, 24X proposes to significantly expand trading outside of regular trading hours for US-listed securities by [ ]How will this affect the market, and what benefits will it bring to investors? A startup stock exchange has secured approval from the US Securities and Exchange Commission (SEC) to offer extended trading hours, including a 23-hour session five days a week. 24X National Exchange, backed by Steve Cohen's Point72 Ventures, will initially run trading sessions from 4 a.m. to 7 p.m. ET, with plans to add overnight trading fromLet’s delve deeper into this exciting development.

The 24X National Exchange's Ambitious Plan for 24/7 Crypto ETF Trading

The 24X National Exchange's amended application marks a significant step toward revolutionizing how cryptocurrency ETFs are traded in the United States.The core of their proposal is to establish a fully operational securities exchange capable of supporting 24/7 trading for crypto ETFs.This isn't just a minor adjustment to existing trading hours; it's a complete overhaul aimed at aligning the accessibility of crypto ETFs with the nature of the underlying digital assets, which trade continuously across global markets.

Key Highlights of the Application

• Objective: To create a platform for continuous trading of crypto ETFs.
• Regulatory Filing: Amended application submitted to US regulators on August 27.
• Potential Impact: Could revolutionize the crypto ETF market by enabling after-hours trading.

The exchange, backed by Steve Cohen's Point72 Ventures, has already received approval from the SEC to offer extended trading hours. 2025 (the Exchange Act ). 2 24X Exchange initially sought Commission approval to extend the availability of on-exchange trading to 23 hours per day, seven days per week, 365 days per year. 3 24X Exchange recently amended its application to operate 23 hours per day (8:00 p.m. ET to 7:00 p.m. ET) five days per week (Sunday through FridayTheir initial approved schedule includes trading sessions from 4 a.m. to 7 p.m.ET.The ultimate goal, however, is to expand these hours to provide near-continuous trading, 23 hours a day, five days a week.

Why 24/7 Trading for Crypto ETFs Matters

The concept of 24/7 trading for crypto ETFs might seem novel, but it addresses several critical needs within the current market structure. 24X National Exchange filed an amended application to United States regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded funds (ETFs), according to the Aug. 27 filing and related exhibits.Here are some compelling reasons why this development is so important:

• Alignment with Crypto's Nature: Cryptocurrencies operate around the clock globally. The 24X National Exchange has filed an application with US regulators. The aim is to launch a securities exchange. This could potentially enable 24-hour trading of cryptocurrency exchange-traded funds (ETFs). 24X National Exchange filed the application on August 27. This could shake up the crypto-ETF market in the United States.Current trading hours for ETFs do not reflect the realities of the underlying assets, creating arbitrage opportunities and potential disadvantages for investors.
• Increased Accessibility: Extends trading beyond regular business hours, allowing individuals with different schedules or in various time zones to participate more conveniently.
• Reduced Risk: Enables investors to react more quickly to market events, potentially mitigating losses during periods of volatility that occur outside of traditional trading hours.
• Greater Price Discovery: Continuous trading can lead to more accurate and efficient price discovery, as market participants can trade at any time, incorporating new information more rapidly.

Consider this: if a major event impacting Bitcoin occurs on a Saturday night, investors holding a Bitcoin ETF are currently unable to react until the following Monday morning. 24X National Exchange filed an amended application to United States regulators to launch a securities exchange that could potentially bring 24/7 trading toWith 24/7 trading, they could adjust their positions immediately, potentially limiting losses or capitalizing on opportunities.

The Benefits for Investors

The introduction of 24/7 trading for crypto ETFs promises several distinct advantages for investors:

• Flexibility: Trade crypto ETFs at any time that suits your schedule.
• Responsiveness: React immediately to market-moving news and events.
• Potentially Lower Costs: Increased competition among market makers could lead to tighter spreads and lower transaction costs.
• Diversification Opportunities: Access to a wider range of crypto ETF products, catering to different investment strategies and risk tolerances.

For example, an investor working a 9-to-5 job could monitor the market after work and make informed decisions based on real-time data, rather than waiting for the next trading day.

The Regulatory Landscape and SEC Approval

One of the biggest hurdles for any new financial product or service is navigating the regulatory landscape. 24X National Exchange's application is subject to review and approval by the United States Securities and Exchange Commission (SEC).The SEC has historically been cautious when it comes to crypto-related products, emphasizing investor protection and market integrity.

The fact that the SEC has already approved 24X's application for extended trading hours (23 hours a day, five days a week) is a positive sign. Bitcoin Will Outperform Other Assets Many Times Over Due to This Factor, Says Strike CEO Jack MallersIt indicates that the exchange has met certain regulatory requirements and demonstrates a commitment to compliance.

Key Considerations for the SEC

• Market Surveillance: Ensuring that the exchange has adequate mechanisms to detect and prevent market manipulation.
• Investor Protection: Implementing measures to protect investors from fraud and other harmful practices.
• Operational Resilience: Verifying that the exchange's technology and infrastructure are robust and reliable.

The Potential Impact on the Crypto ETF Market

If approved, 24X National Exchange's initiative could have a transformative effect on the crypto ETF market. 24X National Exchange filed an amended application to United States regulators to launch a securities exchange that could potentially bring 24/7 trading to cryptocurrency exchange-traded fundsHere are some potential consequences:

• Increased Trading Volume: Greater accessibility could lead to higher trading volumes and liquidity in crypto ETFs.
• New Product Development: The availability of 24/7 trading could encourage the development of new and innovative crypto ETF products.
• Competition Among Exchanges: Other exchanges may feel pressure to offer similar services, leading to increased competition and innovation.
• Adoption by Institutional Investors: The added convenience and responsiveness could make crypto ETFs more attractive to institutional investors.

Imagine a scenario where several exchanges offer 24/7 trading for crypto ETFs.This competitive environment could drive down costs, improve execution quality, and ultimately benefit investors.

Challenges and Considerations

While the prospect of 24/7 crypto ETF trading is exciting, it's important to acknowledge the potential challenges and considerations that lie ahead:

• Liquidity: Ensuring sufficient liquidity during off-peak hours could be a concern. Segala aktivitas jual beli dan investasi aset crypto menjadi tanggung jawab pembaca. Referensi: Cointelegraph. 24X Exchange Files Amended Application to Bring 24/7 Trading to Crypto ETFs. Diakses tanggal ; Featured Image: BenzingaMarket makers may be less willing to provide liquidity outside of traditional trading hours.
• Volatility: Trading during periods of low liquidity can lead to increased volatility and wider spreads.
• Operational Complexity: Operating an exchange around the clock requires significant resources and expertise.
• Cybersecurity: Exchanges must be vigilant in protecting their systems and data from cyberattacks.

To address these challenges, 24X National Exchange will need to implement robust risk management systems, attract sufficient market makers, and invest heavily in cybersecurity.

The Future of Crypto ETF Trading

The application by 24X National Exchange represents a pivotal moment in the evolution of crypto ETFs. 24X Exchange files amended application that could bring 24/7 trading to crypto ETFs Coin Telegraph 1 month ago 284 It would be the first time crypto ETF shares that could be traded after-hours in the US.If successful, it could pave the way for a more accessible, responsive, and efficient market. 24X National Exchange Files Updated Application to Allow 24/7 Trading. 24X National Exchange has submitted an amended application to United States regulators to establish a securities exchange that could offer cryptocurrency exchange-traded funds (ETFs) with 24/7 trading capabilities, as stated in. 27 filing and accompanying exhibits.As the demand for crypto investments continues to grow, the need for round-the-clock trading will only become more pressing.

Key Questions to Consider

• Will the SEC approve 24X's application for 24/7 trading?
• How will other exchanges respond to this initiative?
• Will 24/7 trading lead to increased adoption of crypto ETFs?
• What impact will it have on the overall crypto market?

The answers to these questions will shape the future of crypto ETF trading and determine whether 24/7 access becomes the new norm.

How to Prepare for 24/7 Crypto ETF Trading

If 24/7 trading becomes a reality, investors should take steps to prepare themselves.Here are some actionable tips:

1. Educate Yourself: Understand the risks and opportunities associated with crypto ETFs and trading outside of regular hours.
2. Develop a Trading Plan: Create a clear strategy that outlines your investment goals, risk tolerance, and trading rules.
3. Monitor the Market: Stay informed about market news and events, especially those that occur outside of traditional trading hours.
4. Use Limit Orders: Employ limit orders to control the price at which you buy or sell, especially during periods of low liquidity.
5. Manage Risk: Use stop-loss orders and other risk management tools to protect your capital.

By taking these steps, investors can position themselves to take advantage of the opportunities presented by 24/7 crypto ETF trading while mitigating the potential risks.

Conclusion: A Potential Game-Changer for Crypto ETFs

The filing of the amended application by 24X Exchange to bring 24/7 trading to crypto ETFs is a landmark event. BTCUSD Bitcoin 24X Exchange files amended application that could bring 24/7 trading to crypto ETFs It would be the first time crypto ETF shares that could be traded after-hours in the US.It represents a significant step toward aligning the accessibility of these investment products with the always-on nature of the underlying cryptocurrency market.While regulatory hurdles and operational challenges remain, the potential benefits for investors are undeniable. Crypto Shorts Suffer $147 Million Squeeze As Bitcoin Returns Above $63,000Increased flexibility, responsiveness, and potentially lower costs could transform the way crypto ETFs are traded and make them more attractive to a wider range of investors.If the SEC approves this initiative, it could usher in a new era of accessibility for the crypto market. It would be the first time crypto ETF shares that could be traded after-hours in the US. 24X National Exchange 24X Exchange files amended application that could bring 24/7 trading to crypto ETFsOnly time will tell if this becomes the future of crypto ETF trading, but the potential impact is substantial. Canadian dollar could get boost from jobs data. OctoInvestors should stay informed and prepare themselves for the possibility of round-the-clock access to this exciting asset class. Bitcoin An interesting fractal for you all going into the weekend. Was thinking to myself, where did we see this before? The massive amount of high timeframe sweeps without follow through.As 24X Exchange pushes the boundaries of traditional trading, the financial world watches with bated breath, eager to see if this bold move will redefine the landscape of crypto investments.