The U.S. SEC approves BlackRock Bitcoin spot ETF options trading

Odaily reports that the U.S. SEC has approved Nasdaq's listing and trading of Bitcoin spot ETF options. Nasdaq stated that the exchange will handle Bitcoin ETF options in a manner similar to other ETF options, adhering to the same rules and trading procedures. The SEC notice states, "IBIT options will be physically settled in an American-style exercise." This means that the option can be exercised at any time before expiration. The listing will follow the exchange's initial and ongoing listing standards, which require that listed option underlying securities must have a large number of circulating shares, and these shares are widely held and actively traded. (financefeeds)