The U.S. Securities and Exchange Commission (SEC) has approved BlackRock’s proposal to list and trade options on its Bitcoin spot exchange-traded fund (ETF).
According to a report published on Friday, Nasdaq will list and trade options on the iShares Bitcoin Trust (IBIT).
The approval comes after the SEC approved a number of Bitcoin spot ETFs in January, including from companies such as BlackRock, Grayscale, and Fidelity. Other companies such as Grayscale and Bitwise are planning to list options on their funds.
Analysts point out that the move will increase liquidity in Bitcoin ETFs and attract larger investors.
