The U.S. Securities and Exchange Commission (SEC) has approved BlackRock’s application for options trading for its spot Bitcoin ETF. This is a significant milestone for the cryptocurrency market, as it is the first approval to allow options trading on a spot Bitcoin ETF. This development is expected to increase market liquidity and attract more institutional investors to Bitcoin. Other major players such as Grayscale and Bitwise have also filed similar applications, and if they receive approval, the market could see a boost in growth.