The US Bitcoin Spot ETF Options are About to Launch

BlockBeats News, November 19, according to an announcement on the official website of the Options Clearing Corporation (OCC), the institution is preparing to launch physically-settled Bitcoin ETF options. The disclosed announcement indicates that OCC is preparing for the clearing, settlement, and risk management of physically-settled Bitcoin ETF options, which will follow the new options listing process outlined in the options listing procedures plan.

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

According to documents, both exchanges have set the individual position limits for each Bitcoin ETF option at 25,000 contracts, lower than other ETF option products. As of August 30, 2024, GBTC has issued approximately 367 million shares, with a market value exceeding $13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares, with a six-month trading volume exceeding 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a six-month trading volume exceeding 297 million shares.