SEC Approves Nasdaq Listing For BlackRock's Bitcoin ETF Options

According to Cointelegraph, the United States Securities and Exchange Commission (SEC) has approved Nasdaq's request to list and trade shares of options for BlackRock’s spot Bitcoin exchange-traded fund (ETF). In a notice dated September 20, the SEC confirmed that options trading for the iShares Bitcoin Trust, under the ticker symbol IBIT, has been approved on Nasdaq. The exchange stated that trading for options on the Bitcoin ETF will be conducted in the same manner as other ETF options, adhering to the same rules and regulations. The SEC notice specified that options on IBIT will be physically settled with American-style exercise. The exchange also mentioned that options on IBIT will be subject to its initial and continued listing standards. These standards require that the security underlying a listed option must have a substantial number of outstanding shares that are widely held and actively traded. This development marks a significant step in the integration of Bitcoin ETFs into mainstream financial markets. Further updates will be provided as more information becomes available.