On November 19, Nasdaq will commence trading options on BlackRock’s spot BTC-ETF, according to Decrypt, citing exchange representatives.
The listing is made possible by the approval from the Options Clearing Corporation (OCC), which was the final hurdle following the green light from the SEC.
Re bitcoin ETF options, now the OCC just posted a response to the CFTC’s Friday approval saying they are “preparing” for the options to list etc. That’s a wrap. Now it’s just a matter of when not if. We will get the exact data as soon as we can.. h/t @DunkirkTrading https://t.co/PsVNssC1ge pic.twitter.com/uKYFe3oTzM
— Eric Balchunas (@EricBalchunas) November 18, 2024
“That’s a wrap,” reacted Bloomberg analyst Eric Balchunas.
The OCC made a positive decision in line with recommendations from the CFTC, according to the document.
Analysts at Matrixport noted that the launch of options on the BTC-ETF marks a new era in financialization and liquidity in crypto markets.
#Matrixport Today ? — Nov 19: #Bitcoin Spot #ETF Options Launch Marks New Era of Financialization and Liquidity#cryptomarket #MarketTrends #MarketInsights #CryptoInvesting #BTC #Spot2Earn pic.twitter.com/QkbLkSfmQv
— Matrixport Official (@Matrixport_EN) November 19, 2024
QCP Capital responded similarly, noting that the derivatives market volume in TradFi often exceeds the spot market by 10–20 times.
Asia Colour — 19 Nov 24
1/ What does @BlackRock‘s BTC spot ETF options listing mean for Bitcoin’s next move?
NASDAQ begins trading options on BlackRock’s IBIT ETF today—a significant milestone for #Bitcoin derivatives. Let’s explore the implications for the market.
— QCP (@QCPgroup) November 19, 2024
According to the latest data, the AUM of IBIT stands at $43.1 billion, while the BTC-ETF sector as a whole is valued at $95.9 billion.
In January, the SEC approved all 11 applications for the launch of spot exchange-traded funds based on digital gold.
Read more about the impact of this instrument on the cryptocurrency market in ForkLog’s article: