Bitcoin ETF: SEC Seeks Public Feedback on BlackRock’s Options Trading

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 Febru

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