Odaily Planet Daily News 🌟 The US SEC has approved Nasdaq to list and trade Bitcoin spot ETF options! This is an important milestone in the Bitcoin market, marking the gradual acceptance of cryptocurrencies by traditional financial markets. 📈
Nasdaq said that Bitcoin ETF options will be similar to other ETF options and comply with the same rules and trading procedures. The SEC's notice mentioned that "IBIT options will be physically settled in an American-style exercise," which means that options can be exercised at any time before expiration. ⏳
The listing will follow the exchange's initial and ongoing listing standards, requiring that the underlying securities of the listed options must have a large number of outstanding shares, and these shares must be widely held and actively traded. 💹
Bitcoin enthusiasts, this is undoubtedly a news worth celebrating! 🎉