The U.S. Securities and Exchange Commission (SEC) has granted Nasdaq permission to list and trade options shares for BlackRock’s spot Bitcoin exchange-traded fund (ETF).

In a statement dated September 20, the SEC approved options trading for the iShares Bitcoin Trust under the symbol IBIT. According to Nasdaq, the exchange will trade Bitcoin ETF options under the same rules as other ETF options.

“IBIT options will be physically settled through an American-style exercise,” the SEC statement said. The exchange noted that IBIT options will be subject to the exchange’s initial and ongoing listing standards.

This is a developing story and new information will be added as it becomes available. Share your thoughts in the comments.