According to ChainCatcher, the U.S. Options Clearing Corporation (OCC) has announced on its official website that it is preparing to launch spot Bitcoin ETF options. The disclosed notice indicates that the OCC is preparing for the clearing, settlement, and risk management of spot Bitcoin ETF options, which will comply with the new options listing process outlined in the options listing procedure plan.
Previously, ChainCatcher reported in October that the U.S. Securities and Exchange Commission (SEC) approved multiple Bitcoin ETF options products for listing on the Cboe Exchange and NYSE American. Cboe was authorized to list options for Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was authorized to list options for Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Earlier, the SEC had approved options trading for BlackRock's iShares Bitcoin Trust (IBIT).
According to documents, both exchanges have set a single-sided position limit of 25,000 contracts for each Bitcoin ETF option, lower than other ETF options products. As of August 30, 2024, GBTC has issued approximately 367 million shares, with a market value exceeding $13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares, with a 6-month transaction volume exceeding 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a 6-month transaction volume exceeding 297 million shares.
