SEC Approves Bitcoin Spot ETF Options Trading
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September 21, 2024
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Nasdaq Approved to List and Trade Bitcoin Spot ETF Options
According to Mars Finance, the US Securities and Exchange Commission (SEC) has approved Nasdaq to list and trade Bitcoin spot ETF options. Nasdaq stated that it will handle Bitcoin ETF options similar to other ETF options, adhering to the same rules and trading procedures.
The SEC's notice stated that "IBIT options will be physically settled with American-style exercise." This means that the options can be exercised at any time before expiration.
This listing will follow the exchange's initial and ongoing listing standards, which require the underlying securities of listed options to have a substantial amount of outstanding shares, widely held and actively traded. (financefeeds)
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