The SEC’s approval of BlackRock Bitcoin ETF options trading marks a new milestone for the cryptocurrency market. In addition to the Federal Reserve, this decision by the SEC further promotes the acceptance of cryptocurrencies in mainstream financial markets. BlackRock’s iShares Bitcoin Trust ETF has received approval for options trading, marking a major leap forward for such products into the derivatives market.
Before options trading can be officially launched, additional review levels must be passed by the Options Clearing and Commodity Futures Trading Commission. Currently, multiple exchanges have rushed to apply to list options products related to iShares funds and other ETFs focusing on spot Bitcoin, showing the market's strong interest in such innovative financial instruments.
The green light from the SEC paves the way for the listing of options, which is expected to attract the attention of more large investors and significantly increase the market liquidity of ETFs. In the field of cryptocurrency ETFs, funds traded under the code IBIT have become the leader in direct investment in Bitcoin. Since receiving official recognition at the beginning of this year, its asset management scale has rapidly expanded to more than 22.7 billion US dollars.
This approval is regarded as another important node in the development process of Bitcoin ETF, indicating that the market is gradually clearing obstacles to progress. With the successful trading of the first batch of Bitcoin ETFs, Wall Street is actively preparing for the next stage of development of the digital assets and options market. Professional investors and even a wider group of public investors are turning their attention to the derivatives market to seek speculative opportunities or Hedging risks.
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