Nasdaq approved to list options on Bitcoin ETF
The move is anticipated to significantly boost investor interest and liquidity in Bitcoin ETFs.
The US Securities and Exchange Commission (SEC) has approved Nasdaq’s application to list options on the iShares Bitcoin Trust ETF, marking a significant step towards trading derivatives linked to the product. Before trading can officially begin, further approvals are needed from the Options Clearing Corporation and the Commodity Futures Trading Commission. Several other exchanges are also seeking approval for similar products.
It is expected to boost investor interest and liquidity around Bitcoin ETFs. Bloomberg Intelligence ETF analyst Eric Balchunas noted that gaining the SEC’s approval is crucial for attracting larger investors. The iShares Bitcoin Trust ETF, trading under the ticker IBIT, has already amassed around $22.7 billion in assets since its approval by the SEC earlier this year, following a legal battle led by Grayscale Investments.
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