According to Cointelegraph, MIAX Sapphire Options Exchange submitted revised rules and plans to launch options for Grayscale Bitcoin Trust, Grayscale Bitcoin Mini Trust, and Bitwise Bitcoin ETF.
MIAX Sapphire is part of Miami International Holdings and has joined giants like Nasdaq and the New York Stock Exchange to offer options related to spot BTC ETFs.
In September, the U.S. Securities and Exchange Commission approved options for the iShares Bitcoin Trust ETF listed on Nasdaq, marking the first approval of spot BTC ETF options traded in the U.S.
In November, the Commodity Futures Trading Commission and the Options Clearing Corporation also approved BTC ETF options, clearing the last hurdle for financial derivatives listed on exchanges.
Investment managers expect that the launch of spot BTC ETF options will accelerate institutional adoption and bring potential huge profits for BTC holders.
