SEC在一份声明中表示：“IBIT期权将为投资者提供一种对冲和风险管理工具，以管理比特币价格以及比特币相关产品和头寸的风险敞口。”The U.S. Securities and Exchange Commission (SEC) approved Blackrock's spot bitcoin exchange-traded fund (etf) options for listing and trading on Friday.
According to the Securities and Exchange Commission (SEC), it approved $Blackrock (BLK.US)$ the listing and trading of options on the exchange-traded fund (ETF) for spot bitcoin trading.
Blackrock's iShares Bitcoin Trust ETF $iShares Bitcoin Trust (IBIT.US)$ is the largest bitcoin fund globally, with net assets of $22.67 billion as of September 19, 2024.
SEC stated in a declaration: 'IBIT options will provide investors with a hedging and risk management tool to manage the risk exposure of bitcoin prices and bitcoin-related products and positions.'
These options will be physically settled in the form of American-style exercise. American-style exercise refers to option contracts that allow holders to exercise their rights at any time before the expiration date.
SEC stated that the trading of IBIT options will be similar to other ETF options.
Bloomberg Senior ETF Analyst Eric Balchunas expressed on X platform: 'Bitcoin ETF has achieved a huge victory (because it will attract more liquidity, thus attracting more whales).'
Balchunas added that IBIT options will need approval from the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC) before they can officially be listed. The other two institutions do not have a "timeline," so it is uncertain when they will receive approval. Nevertheless, the SEC's shift is still a significant step forward.
Options are contracts that give investors the right, but not the obligation, to buy (call options) or sell (put options) assets at a predetermined price before a specific date.
Due to the significant price fluctuations of Bitcoin, options allow investors to manage related risks more effectively.
Earlier this year, after the long-awaited approval of a physically-backed Bitcoin ETF by the SEC, the U.S. crypto industry received a significant boost.
Shortly after, Bitcoin surged to a record high of $0.073 million in March, despite a pullback since the most recent halving on April 19, 2024.
According to data from CoinMarketCap, the market cap of the global crypto industry is $2.2 trillion.
Editor/Emily