Bitcoin ETF: SEC Seeks Public Feedback on BlackRock’s Options Trading
The Securities and Exchange Commission (SEC) has initiated a public comment period regarding Nasdaq’s proposal to permit options trading on BlackRock’s iShares Bitcoin Trust, a spot bitcoin ETF.
SEC Solicits Public Opinion 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 amendment to Options 4, Section 3, Criteria for Underlying Securities, would enable Nasdaq to list and trade options on the iShares Bitcoin Trust. This Trust is considered a Unit appropriate for options trading on the Exchange.
The swift action from the SEC on this matter is noteworthy. Bloomberg Intelligence ETF research analyst James Seyffart highlighted the unusual speed of the SEC’s response to the proposal. Seyffart indicated that if the SEC maintains this pace, options trading on the spot Bitcoin ETFs could receive approval by the end of February.
BlackRock’s iShares Bitcoin Trust Gains Traction
Concurrently, BlackRock’s iShares Bitcoin Trust (IBIT) reached a milestone of $1 billion in assets under management within just a week of its launch on January 12. Comprising 99% bitcoin and a small fraction in fiat currency, the fund’s rapid growth underscores the escalating investor interest in cryptocurrency as a legitimate asset class.
Robert Mitchnick, Head of Digital Assets at BlackRock, expressed enthusiasm about the Trust’s early success and reaffirmed the company’s long-term commitment to providing accessible, high-quality ETFs.
Ethereum ETFs on the Horizon
The cryptocurrency ETF landscape is broadening, with firms like BlackRock and Fidelity seeking approval for Ethereum ETFs. The SEC has postponed its decision on Fidelity’s Ethereum ETF proposal until March 5. This follows a November application by Fidelity for the Fidelity Ethereum Fund, spurred by a court ruling questioning the SEC’s rationale for rejecting spot crypto ETFs while allowing futures-based products.
Introducing options trading for BlackRock’s Bitcoin ETF could signify a new era in cryptocurrency investments, offering more diversified and sophisticated trading instruments. This move aligns with the increasing integration of digital assets into mainstream financial systems and could attract a broader range of investors to the crypto market.
Read Also: USI Tech CEO Charged for $150M Crypto Fraud Scheme
- Ethereum in a Bear Market, Peter Schiff Warns as ETH Slides Below $4K
- Trump Considers Jill Sommers and Kyle Hauptman for CFTC Chair Role
- Fed’s Stephen Miran Calls for Series of 50‑bps Rate Cuts After FOMC Dissent
- “XRP Can Fix Debt Crisis,” Says Black Swan Capitalist Founder as Analyst Tout $15 Price Rally
- Just In: M2 Capital Invests $20M Into Ethena to Drive Middle East Crypto Growth
- Bitcoin Price Could Crash to $104K Before Explosive Rally— Analyst Highlights Post Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
- Will Pi Coin Price Recover Before Month-End After Payochain Listing?
- Chainlink Price Prediction as Whales Buy 800K LINK — Can the Demand Zone Launch a Recovery?
- XRP Price Set for Parabolic Rally as XRPR ETF Pulls $30M in 3 Days
- Cardano (ADA) Price Eyes 50% Rally as Foundation Backs Stablecoin Liquidity With 8-Figure ADA
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
