SEC Approves Nasdaq Listing of BlackRock’s Bitcoin ETF Options

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

The SEC confirmed in a statement dated September 20 that options trading for the iShares Bitcoin Trust under the symbol IBIT has been approved on Nasdaq. The exchange noted that options trading on the Bitcoin ETF will be conducted in the same manner as other ETF options, subject to the same rules and regulations.

The SEC statement noted that options on IBIT will be physically settled using American-style execution. The exchange also noted that options on IBIT will be subject to initial and ongoing listing standards. These standards stipulate that the underlying security for a listed option must have a significant number of widely held and actively traded outstanding shares.

This development represents a significant step in the integration of Bitcoin ETFs into mainstream financial markets. Further updates will be provided as more information becomes available.#binancenews #BlackRock⁩ #ETF✅ $BTC