BlackRock’s Bitcoin ETF Gets SEC Approval for Options Trading
Groundbreaking Approval for Bitcoin ETF Options
The U.S. Securities and Exchange Commission (SEC) has approved options trading for BlackRock’s iShares Bitcoin Trust (IBIT) on Nasdaq, marking a significant milestone for cryptocurrency investment products. This approval, granted on September 20, allows Nasdaq to list and trade options on the Bitcoin ETF under the ticker symbol IBIT.
The options will be physically settled using the American-style exercise methodology, enabling investors to buy or sell the asset before expiration. This decision is a major development as it opens the door for more sophisticated trading strategies and risk management in the Bitcoin market.
