SEC Approves BlackRock’s Options Trading for Spot Bitcoin ETF

The U.S. SEC has given the green light to BlackRock's request to offer options trading for its spot Bitcoin exchange-traded fund (ETF).

This decision allows the world’s largest asset manager to list options for the iShares Bitcoin Trust (IBIT) on an expedited basis, as detailed in a filing made public on Friday. The options will be listed and traded on Nasdaq ISE, LLC.

The SEC’s announcement also included a call for public comments on Amendments 4 and 5 related to the proposal, while also approving modifications from earlier amendments.

In January, the SEC approved several spot Bitcoin ETFs from various firms, including BlackRock, Grayscale, and Fidelity. Other companies like Grayscale and Bitwise are also aiming to introduce options for their spot Bitcoin ETFs.

While BlackRock has not yet responded to inquiries for comment, ETF Store President Nate Geraci noted on X that the approval comes more than eight months after the launch of spot Bitcoin ETFs, remarking, “Better late than never.”

Bloomberg’s senior ETF analyst Eric Balchunas anticipates that other firms will soon receive similar approvals, stating that this development is a significant boost for bitcoin ETFs, as it is likely to attract more liquidity and institutional interest.

Author

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.