SEC Approves Bitcoin Futures Trading for BlackRock's Spot Bitcoin ETF
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September 21, 2024
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Foresight News: SEC Approves iShares Bitcoin Trust Options Trading on Nasdaq
Foresight News reports that the U.S. Securities and Exchange Commission (SEC) has approved the listing of options contracts on BlackRock's iShares Bitcoin Trust (IBIT) on Nasdaq. IBIT options will be settled in physical bitcoin and will be exercised in American style.
While the SEC approval is a significant step, the trading of these derivatives still requires approval from the U.S. Office of the Comptroller of the Currency (OCC) and the U.S. Commodity Futures Trading Commission (CFTC) before they can officially launch.
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