The SEC has granted Nasdaq permission to list and trade options for BlackRock's Bitcoin exchange-traded fund (ETF). The iShares Bitcoin Trust, under the ticker symbol IBIT, will now have options trading available on Nasdaq. These options will be physically settled with American-style exercise and will adhere to the exchange's listing standards. While the approval is a significant step, further approvals from the OCC and CFTC are still pending. Bloomberg ETF analyst Eric Balchunas anticipates more offerings to be approved soon. The trading volume for IBIT Bitcoin ETF has been substantial, exceeding $875 million. Nasdaq has also applied for options trading for spot Ethereum ETFs. This development signals a growing acceptance and integration of cryptocurrency ETFs in the traditional financial market. Stay tuned for updates on this evolving story. Read more AI-generated news on: https://app.chaingpt.org/news

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