US Bitcoin Spot ETF Options to be Launched Soon

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ChainCatcher
10 hours ago
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According to ChainCatcher's message, the Options Clearing Corporation (OCC) has announced on its official website that the institution is preparing to launch spot coin ETF options. According to the disclosed notice, the OCC is preparing for the clearing, settlement, and risk management of spot coin ETF options, and these options will follow the new option listing process outlined in the option listing procedure plan.

Previously, ChainCatcher reported in October that the U.S. Securities and Exchange Commission (SEC) had approved the listing of multiple coin ETF option products on the Cboe exchange and the NYSE American exchange. Cboe was approved to list options for the Fidelity Wise Origin Bitcoin Fund () and the 21Shares Bitcoin ETF (); NYSE American was approved to list options for the Grayscale Bitcoin Trust ETF (), the Grayscale Bitcoin Mini Trust (), and the Bitwise Bitcoin ETF (). Previously, the SEC had also approved the option trading for the iShares Bitcoin Trust () under BlackRock.

According to the documents, the two exchanges have set a unilateral position limit of 25,000 contracts for each bitcoin ETF option, lower than other ETF option products. As of August 30, 2024, has issued approximately 367 million shares with a market value of over $13.4 billion; has issued approximately 68.7 million shares; has issued over 201 million shares with a trading volume of over 1.1 billion shares in 6 months; has issued approximately 45.5 million shares with a trading volume of over 297 million shares in 6 months.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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