Options on BlackRock’s Bitcoin ETF

1. Options Trading on BlackRock Bitcoin ETF Begins:

• Nasdaq confirmed that options on BlackRock’s iShares Bitcoin Trust ETF (IBIT) will trade starting Tuesday, bringing a new, leveraged approach to Bitcoin to Wall Street.

2. Regulatory hurdles cleared:

• The SEC previously approved options trading on the Bitcoin ETF, and the Options Clearing Corporation (OCC) announced it had completed clearance and risk management.

• The CFTC also confirmed that the options are under the SEC’s jurisdiction, not the CFTC’s, paving the way for the OCC to take action.

3. What it means for the market:

• BlackRock’s #ETF product has attracted $29 billion this year, as Bitcoin hit a peak of $93,000.

• Options trading will increase liquidity, reduce costs for investors, and create important legal changes and safer access to Bitcoin.

4. The role of the OCC:

• The OCC, the world's largest clearing organization, will ensure settlement and security in options trading.

Conclusion:

This event is an important step forward, expanding investment opportunities and promoting the integration of $BTC into the traditional financial system.