SEC Seeks Public Feedback on BlackRock’s Options Trading
Securities and Exchange Commission (SEC) started It’s a public comment period on Nasdaq’s proposal to allow options trading on BlackRock’s iShares Bitcoin Trust, a spot bitcoin ETF.
SEC Seeks Public Comment on Proposal
The SEC’s move to open a 21-day comment period reflects its willingness to consider expanding the scope of cryptocurrency-related financial products in the market. According to the filing, the proposed change to Option 4, Part 3, Underlying Securities Criteria, would allow Nasdaq to list and trade options on the exchange. iShares Bitcoin Trust. This Trust is considered a Unit eligible for options trading on the Exchange.
It is noteworthy that the SEC took quick action on this issue. Bloomberg Intelligence ETF research analyst James Seyffart noted the unusual speed of the SEC’s response to the proposal. Seyffart stated that if the SEC maintains this pace, Bitcoin ETFs could receive approval by the end of February.
BlackRock’s iShares Bitcoin Trust Gains Interest
Simultaneously, BlackRock’s iShares Bitcoin Trust (IBIT) reached a milestone of $1 billion in assets under management just a week after its launch on January 12. The rapid growth of the fund, which is 99% in bitcoin and a small portion in fiat currency, underscores growing investor interest in cryptocurrency as a legitimate asset class.
Robert Mitchnick, Head of Digital Assets at BlackRock, expressed excitement over the Foundation’s early success, reaffirming the company’s long-term commitment to providing accessible, high-quality ETFs.
Ethereum ETFs on the horizon
The cryptocurrency ETF landscape is expanding as firms like BlackRock and Fidelity seek approval. Ethereum ETFs. The SEC postponed its decision on Fidelity’s Ethereum ETF proposal until March 5. This follows Fidelity’s application for the Fidelity Ethereum Fund in November; This filing was spurred by a court decision questioning the SEC’s rationale for rejecting spot crypto ETFs while allowing futures-based products.
Introduction to options trading for BlackRocks Bitcoin ETF This could signal a new era in cryptocurrency investing that offers more diverse and sophisticated trading tools. This move is in line with the increasing integration of digital assets into mainstream financial systems and could attract a wider range of investors to the crypto market.
Also Read: USI Tech CEO Charged for $150 Million Crypto Fraud Scheme
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Kelvin is a distinguished author specializing in crypto and finance, with a bachelor’s degree in Actuarial Science. Known for her sharp analysis and insightful content, she is fluent in English and specializes in comprehensive research and on-time delivery.
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