The U.S. SEC approves BlackRock Bitcoin spot ETF options trading

According to Financefeeds, the U.S. SEC has approved the listing of options products for BlackRock's iShares Bitcoin ETF (IBIT) on NASDAQ. The trading of this derivative still requires approval from the Office of the Comptroller of Currency (OCC) and the Commodity Futures Trading Commission (CFTC). NASDAQ stated that it will handle Bitcoin ETF options in a similar manner to other ETF options, adhering to the same rules and trading procedures. The SEC notice mentioned that IBIT options will be physically settled in an American-style exercise method, meaning these options can be exercised at any time before expiration.