U.S. SEC Approves Options Trading for BlackRock Bitcoin Spot ETF

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The U.S. Securities and Exchange Commission (SEC) has approved the listing of options for BlackRock’s iShares Bitcoin ETF (IBIT) on the Nasdaq exchange. However, trading of this derivative product still requires approval from the U.S. Office of the Comptroller of the Currency (OCC) and the U.S. Commodity Futures Trading Commission (CFTC).

Nasdaq stated that the Bitcoin ETF options will be treated similarly to other ETF options on the platform, adhering to the same rules and trading procedures. According to the SEC’s notice, the IBIT options will be settled physically and follow the American-style exercise method, meaning they can be exercised at any time before expiration.

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