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 (BTC) is once again hovering near its all-time high today as trading volumes have jumped by 13% in the past 24 hours upon breaking the $119,000 barrier, favoring a bullish Bitcoin price prediction. The top crypto has booked gains of 16% in the past 30 days and reached a new record at $123,091 earlier […]
Bitcoin is consolidating around $119,000 after last week’s all-time high above $123,000.
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