According to a notice released on the official website of the U.S. Options Clearing Corporation (OCC), the agency 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 Cboe Exchange and NYSE American Exchange to list multiple Bitcoin ETF options products. Cboe was approved to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB). Previously, the SEC had approved options trading for BlackRock's iShares Bitcoin Trust (IBIT). According to the documents, the two exchanges set the unilateral position limit for each Bitcoin ETF option at 25,000 contracts, which is lower than other ETF option products. As of August 30, 2024, GBTC has issued approximately 367 million shares with a market value of over US$13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued more than 201 million shares, with a 6-month trading volume of more than 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a 6-month trading volume of more than 297 million shares.

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