US SEC approves BlackRock’s Bitcoin spot ETF options trading

According to Mars Finance, the U.S. SEC has approved Nasdaq to list and trade Bitcoin spot ETF options. Nasdaq said that the exchange will treat Bitcoin ETF options similarly to other ETF options, subject to the same rules and trading procedures. The SEC's notice stated that "IBIT options will be physically settled in an American-style exercise manner." This means that options can be exercised at any time before expiration. The listing will follow the exchange's initial and continuing listing standards, which require that the underlying securities of listed options must have a large number of outstanding shares, and these shares must be widely held and actively traded. (financefeeds)