10x Research points out in its market analysis that the key obstacle for Bitcoin spot ETF options listing has now been cleared, and IBIT options trading is expected to start on Tuesday, November 19, 2024.

This marks a significant shift, as CME's Bitcoin futures options have historically faced issues with low trading volumes and high margin requirements, while the jurisdiction where Deribit operates restricts the access of many US funds. Additionally, traders face counterparty risk without OCC protection. Therefore, IBIT and other Bitcoin spot ETF options may attract significant trading volume, potentially driving Bitcoin prices up sharply.