BlackRock's spot bitcoin ETF will begin trading Tuesday, a Nasdaq spokesman confirmed on Wednesday, bringing renewed exposure to bitcoin on Wall Street.
The Options Clearing Corporation (OCC) has updated a document on it website On Monday for new options listings, equity derivatives cleared the lineup, revealing that the iShares Bitcoin Trust ETF (IBIT) — a $43 billion product — will look at options listed on the Nasdaq.
Although the Securities and Exchange Commission (SEC) approved According to Eric Balchunas, an ETF analyst at Bloomberg, last month's list of options for bitcoin ETFs, the memo released by the OCC on Monday, represents the last major hurdle to their launch.
“That's a wrap,” Balchunas said. He wrote On Twitter (aka X). “Now it's a matter of when, not if.”
Alison Hennessy, Nasdaq's head of ETP listings, told Balchunas. Bloomberg TV Earlier On Monday, the exchange may soon list options for BlackRock's spot Bitcoin ETF.
“Our goal at Nasdaq is to list and trade these options tomorrow,” she said. “Getting these options listed on IBIT to market will be very exciting for investors.”
A Nasdaq spokesperson later confirmed to Decrypt that the options would indeed be listed on Tuesday.
as if One-page documentThe OCC says it is developing options for “clearing, settlement and risk management” of spot Bitcoin ETFs. The decision was made following recommendations by the Commodities Futures Trading Commission (CFTC), the OCC said.
Friday, the CFTC's clearing and risk division He wrote That the list of Bitcoin ETFs options for the position does not fall under his jurisdiction. Essentially, the OCC has cleared the way for options on Bitcoin ETFs to be regulated by the SEC, confirming their status as derivatives.
They have been a big hit on Wall Street, with more than $27 billion spent on Bitcoin's rise to more than $93,000 this year, according to CoinGlass. Data. BlackRock's IBIT leads the pack among a clutch of 11 products, attracting an estimated $29 billion in inflows this year alone.
analysts said. Decrypt Last month, following SEC approval, spot Bitcoin ETFs became an option. A game-changerWhile a sign of regulatory progress, the development could bring more liquidity to the spot Bitcoin ETF alongside periods of heightened volatility.
Overall, analysts say the options are easier, cheaper, and easier for investors to participate in the Bitcoin market through ETFs. Like financial derivatives, options give the right to buy or sell an asset at a specified price within a specified time window.
In the year Founded in 1973, OCC is known as the world's largest equity and derivatives clearing firm. In the context of SEC-regulated derivatives, the OCC serves as a key intermediary for the transfer of funds and contracts between buyers and sellers.
Edited by Andrew Hayward.
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