Options trading on BlackRock’s iShares spot Bitcoin ETF (IBIT) goes live on Nasdaq. 

The development provides Wall Street investors with leveraged exposure to the world’s largest cryptocurrency by market cap. 

OCC Confirms BlackRock Options Listing 

Nasdaq’s listing of IBIT options comes several hours after the Options Clearing Corporation (OCC) provided an update for the new listing. 

Last month, the U.S. SEC approved the 11 Bitcoin ETFs, including BlackRock’s IBIT, for options trading. Yesterday, the OCC released a memo confirming its readiness for the clearance and settlement of the product, beginning with IBIT. 

Furthermore, Allison Hennessey, Nasdaq’s head of ETP listings, informed Bloomberg’s ETF analyst Eric Balchunas of the exchange’s plans to list and trade IBIT options today, on November 19. Hours after the announcement, BlackRock’s Bitcoin ETF options launched on Nasdaq, giving investors the right to trade IBIT shares at a specified price. 

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