According to the official document published by the SEC, options for BlackRock’s spot Bitcoin ETF have been approved.
In a filing released on Friday, the SEC announced its approval of the world’s largest asset manager’s request to list options for the iShares Bitcoin Trust (IBIT). Nasdaq ISE, LLC would be responsible for listing and trading these options.
The SEC’s decision to approve the options trading comes eight months after the initial launch of spot bitcoin ETFs, including BlackRock’s, Grayscale’s, and Fidelity’s. Other firms, such as Grayscale and Bitwise, are also seeking approval to list options for their respective spot bitcoin ETFs.
Nate Geraci, President of ETF Store, expressed his satisfaction with the SEC’s approval, stating, “Better late than never.” The approval of options trading for spot bitcoin ETFs is expected to further enhance the accessibility and liquidity of these investment vehicles.
