SEC Opens Comment Period on BlackRock’s Proposal to Allow Options Trading on Spot Bitcoin ETF
The Securities and Exchange Commission has requested public comment on Nasdaq’s proposal to allow options trading on BlackRock’s spot Bitcoin ETF.
The comment period will last 21 days. filing Posted on Friday.
“The Exchange proposes to amend Option 4, Section 3, Underlying Securities Standards to allow the Exchange to list and trade options on the iShares Bitcoin Trust (the ‘Trust’) as a unit eligible for options trading on the Exchange.” Submission is stated.
James Seyffart, Bloomberg Intelligence ETF research analyst, said the SEC is moving faster than usual on the proposal.
“The SEC has already acknowledged the 19b-4 requesting the ability to trade options on-site. #Bitcoin ETFs,” Seyffart said Friday. post At X. “This is faster than the SEC typically moves. If the SEC wants to move quickly, can the option be approved before the end of February?”
BlackRock, which received approval from the SEC last week to list its spot Bitcoin ETF, iShares Bitcoin Trust, has raised $145.5 million. inflow Thursday only.
Switch to Ethereum
Companies including BlackRock and Fidelity are also competing for spot Ethereum ETFs. The SEC on Thursday postponed the deadline for a decision on Fidelity’s proposal to March 5.
Fidelity applied for the Fidelity Ethereum Fund last November, citing a court ruling last year in which a judge said the SEC had found no consistent reason to reject spot cryptocurrency ETFs while allowing futures-based products.
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About the author
Sarah is a reporter for The Block covering policy, regulation and legal events. Sarah was previously a reporter writing about securities regulation at CQ Legal, where she first began her reporting on cryptocurrencies. She Sarah has also written for The Bond Buyer and American Banker, among other financial publications. She graduated from the University of Missouri with a degree in Print and Digital Journalism. Sarah lives in Washington, DC and she is an avid coffee lover. You can follow her on Twitter @ForTheWynn.
