SEC approves options on BlackRock's IBIT
The SEC approves Nasdaq ISE's proposal to list and trade options on BlackRock's iShares Bitcoin Trust.
On September 20, 2024, SEC approves options on BlackRock's IBIT. The SEC approves Nasdaq ISE's proposal to list and trade options on BlackRock's iShares Bitcoin Trust.
Options added a regulated way to hedge or express leveraged views on shares of a spot Bitcoin ETF. The approval therefore expanded the surrounding market structure beyond simple ETF share trading.
The event belongs to the broader 2024 transition from scarce institutional Bitcoin access to a competitive, heavily intermediated market built around exchange-traded products.