PANews reported on November 19 that the U.S. Options Clearing Corporation (OCC) has announced it is ready to clear options trading related to the spot Bitcoin ETF. IBIT options are expected to officially launch on November 19 (Tuesday), becoming the first options trading product linked to the spot Bitcoin ETF.
The OCC indicates that it will be responsible for clearing and risk management, and these options are listed on exchanges regulated by the U.S. Securities and Exchange Commission (SEC), not falling under the jurisdiction of the Commodity Futures Trading Commission (CFTC). In January of this year, the SEC approved 11 spot Bitcoin ETFs, and BlackRock's iShares Bitcoin Trust (IBIT) was approved in September to become the first spot ETF to launch options.
Currently, the cumulative trading volume of spot Bitcoin ETFs has exceeded $500 billion, with IBIT accounting for about two-thirds of the market share. Market analysts expect that Bitcoin ETF options will have higher speculation due to retail trader participation, while institutional investors may use them more for risk hedging.
