US SEC approves BlackRock’s Bitcoin spot ETF options trading

BlockBeats news, on September 21, according to financefeeds, the U.S. SEC approved the listing of options products for BlackRock iShares Bitcoin ETF (IBIT) on Nasdaq. Trading of this derivative 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 said that the trading platform will treat Bitcoin ETF options similarly to other ETF options, subject to the same rules and trading procedures. The SEC's notice stated that "IBIT options will be physically settled in an American exercise manner." This means that options can be exercised at any time before expiration.