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On January 19, the U.S. Securities and Exchange Commission (SEC) officially recognized Nasdaq and Cboe’s proposals to introduce options trading for Bitcoin exchange-traded funds (ETFs).

 

 

 

Nasdaq submitted a rule change request to facilitate the listing and trading of options linked to BlackRock’s iShares Bitcoin Trust, while Cboe applied to trade options on “ETPs [exchange-traded products] that Hold Bitcoin.” Notably, Cboe had recently launched six out of the 10 BTC ETFs that received SEC approval.

 

 

 

The trading of BTC ETFs commenced on Nasdaq and Cboe on January 11, following SEC approval granted the day before. Catherine Clay, the executive vice president at Cboe, reported on January 18 to CNBC that the exchange was experiencing “good inflows” into BTC ETFs, affirming their continued alignment with BTC price movements as anticipated. According to an analyst, options trading is considered the “next logical step” for BTC ETFs and might kick off by the end of February.

 

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