The U.S. Securities and Exchange Commission (SEC) has just granted approval for the listing and trading of options on BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT).
The approved options on the iShares Bitcoin Trust will be physically settled, meaning that when the option is exercised, Bitcoin will be delivered to fulfill the contract. These American-style options can be exercised at any time before the expiration date, providing flexibility for traders. According to the SEC, the listing will follow the same rules as options on other exchange-traded funds (ETFs), including position limits and margin requirements.
SEC Approves Options Trading on BlackRock’s Spot Bitcoin ETF
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Posted by NewBlock
5 Comments
Mah….stock up on swiss rolls, it’s going to be a long week. I’m doing finance shit!
I’m pretty sure it’s going to be shares of IBIT that are the deliverables on the contracts, not actual bitcoin. Because IBIT options will be equity-option contracts, not contracts on futures.
Nice. I am sick of trading BITO
What could possibly go wrong?
Excited to sell puts at buy the dip levels, but those covered calls ain’t worth it
Any update on timing?