Options trading on BlackRock’s spot Bitcoin ETF will begin Tuesday, a Nasdaq spokesperson confirmed to Decrypt, ushering in a new form of leveraged Bitcoin exposure on Wall Street.
The Options Clearing Corporation (OCC) updated a document on its website Monday for new options listings, with the equity derivatives clearing organization signaling that the iShares Bitcoin Trust ETF (IBIT)—a $43 billion product—would see options listed on the Nasdaq.
Even though the Securities and Exchange Commission (SEC) approved the listing of options for spot Bitcoin ETFs last month, a memo released by the OCC on Monday represented the last major hurdle toward their launch, according to Bloomberg ETF analyst Eric Balchunas.
“That’s a wrap,” Balchunas wrote on Twitter (aka X). “Now it’s just a matter of when, not if.”
Nasdaq’s Head of ETP Listings
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Author: André Beganski
