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BlackRock’s Bitcoin ETF Options Debut Today on Nasdaq

19.11.2024 16:00 1 min. read Alexander Stefanov
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BlackRock’s Bitcoin ETF Options Debut Today on Nasdaq

BlackRock's iShares Bitcoin Trust ETF (IBIT) will begin options trading on Nasdaq starting Tuesday, marking a significant milestone for the $43 billion product.

This follows months of regulatory developments and an update from the Options Clearing Corporation (OCC), which now includes the IBIT in its listings. Approval for IBIT options trading came in September after BlackRock retracted its application earlier in the year.

In addition to IBIT, the SEC has approved options listings for several other Bitcoin-related ETFs, including Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB), as well as options on the Fidelity Wise Origin Bitcoin Fund (FBTC) and the ARK 21Shares Bitcoin ETF (ARKB), facilitated by Cboe Global Markets.

Nasdaq’s Head of ETP Listings, Alison Hennessy, confirmed the upcoming launch, calling it an exciting development for investors. The trading of these options will offer new opportunities for those invested in Bitcoin ETFs. A spokesperson for Nasdaq confirmed that the options will officially be available on Tuesday.

Analysts believe that options trading could further boost Bitcoin’s market dynamics, providing greater liquidity, new investment strategies, and potentially stabilizing Bitcoin’s historically volatile price.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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