According to FinanceFeeds, the US Securities and Exchange Commission (SEC) has approved the listing of options on the iShares Bitcoin ETF (IBIT) by BlackRock on the Nasdaq. The derivative product still requires approval from the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC).

Nasdaq stated that the exchange will handle Bitcoin ETF options similarly to other ETF options, adhering to the same rules and trading procedures. The SEC's notice indicates that IBIT options will be physically settled with American-style exercise. This means the options can be exercised at any time before expiration.