According to ChainCatcher, the U.S. Options Clearing Corporation (OCC) announced on its official website that it is preparing to launch spot Bitcoin ETF options. According to the disclosed notice, the OCC is preparing for the clearing, settlement, and risk management of spot Bitcoin ETF options, which will comply with the new options listing process outlined in the options listing procedure plan.
Previously, ChainCatcher reported in October that the U.S. Securities and Exchange Commission (SEC) approved the listing of multiple Bitcoin ETF options products on the Cboe Exchange and NYSE American. Cboe was authorized to list options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was authorized to list options for the Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Previously, the SEC had already approved options trading for BlackRock's iShares Bitcoin Trust (IBIT).
Documents show that the two exchanges have set a single position limit of 25,000 contracts for each Bitcoin ETF option, lower than for other ETF options products. As of August 30, 2024, GBTC has issued approximately 367 million shares with a market value exceeding $13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares, with a 6-month trading volume exceeding 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a 6-month trading volume exceeding 297 million shares.
