The US SEC approved the listing and trading of multiple Bitcoin ETF options, with a maximum limit of 25,000 single-side contract positions

BlockBeats news, on October 22, according to Crowdfund Insider, the U.S. Securities and Exchange Commission (SEC) approved Cboe Exchange and NYSE American Exchange to list multiple Bitcoin ETF options products. Cboe was approved to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB). Previously, the SEC had approved options trading for iShares Bitcoin Trust (IBIT) under BlackRock.

According to the documents, the two exchanges set the upper limit of unilateral positions for each Bitcoin ETF option at 25,000 contracts, which is lower than other ETF options products. As of August 30, 2024, GBTC has issued approximately 367 million shares with a market value of over US$13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares with a 6-month trading volume of over 1.1 billion shares; ARKB has issued approximately 45.5 million shares with a 6-month trading volume of over 297 million shares.