SEC approves options trading for BlackRock's iShares Bitcoin Trust ETF, advancing crypto legitimacy.

The SEC has approved options trading for BlackRock's iShares Bitcoin Trust ETF (IBIT), enabling investors to trade contracts based on Bitcoin's future price. This approval is seen as a milestone for cryptocurrency legitimacy in the U.S. Options will be subject to oversight by the SEC, OCC, and CFTC before trading begins. The iShares Bitcoin Trust is the largest ETF directly investing in Bitcoin, with $22.7 billion in assets since its approval in January.

September 20, 2024
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