CoinVoice recently learned that, according to a notice released on the official website of the Options Clearing Corporation (OCC), the agency is preparing to launch spot Bitcoin ETF options. The disclosed notice indicates that the OCC is preparing for the clearing, settlement, and risk management of spot Bitcoin ETF options, which will comply with the new option listing process outlined in the options listing procedure plan.
Previously, CoinVoice reported in October that the U.S. Securities and Exchange Commission (SEC) approved the listing of multiple Bitcoin ETF option products on the Cboe Exchange and NYSE American Exchange. 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 approved options trading for BlackRock's iShares Bitcoin Trust (IBIT).
According to documents, both exchanges have set a unilateral position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than other ETF option products. As of August 30, 2024, GBTC has issued approximately 367 million shares, with a market value exceeding 13.4 billion dollars; 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. [Original link]
