Will Blackrock's Ibit spot bitcoin exchange-traded fund (ETF) get a green light?

The approval allows Nasdaq to list and trade shares of options for BlackRock's IBIT spot bitcoin exchange-traded fund (ETF). This decision marks a significant milestone in the integration of cryptocurrencies into traditional financial markets.

According to the SEC officials, the options on IBIT will be physically settled with American-style exercise. This means that upon exercise, the options will result in the delivery or receipt of the underlying bitcoin, following the rules typical of American-style options.

The approval of the IBIT ETF options trading on Nasdaq indicates a growing acceptance of bitcoin and other cryptocurrencies within the regulatory framework of the U.S. financial system. It also opens up new avenues for investors to gain exposure to the bitcoin market through options contracts.

On September 22, an important update regarding the financial market was announced. The Nasdaq exchange received approval from the U.S. Securities and Exchange Commission (SEC) for a significant move.

BTCC, a top cryptocurrency exchange, offers a range of services to cater to the needs of crypto enthusiasts. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices. Additionally, BTCC provides futures trading, enabling investors to speculate on the future price movements of cryptocurrencies.