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.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.