"BTCSpot ETF Options" is coming! Nasdaq reveals "listing timing"

According to the NASDAQ, the BTCSpot ETF options trading could be launched as early as Tuesday (the 19th) Eastern Time. This is a long-awaited tool for market participants and is believed to attract more institutional investors' interest in Cryptocurrency.

Alison Hennessy, head of the Nasdaq exchange-traded products (ETP) listing department, said in an interview on Monday, "Our goal at Nasdaq is to have these options listed and traded as early as tomorrow."

Introducing these IBIT-based options to the market, I think it is very exciting for investors, as this is what we have heard from their expectations.

IBIT is the "iShares BTC Trust" issued by BlackRock, although there are currently 12 BTC Spot ETFs listed in the United States, only IBIT is listed on the Nasdaq, so it may be the first to launch options.

Options are a type of derivative financial instrument that allows investors to buy or sell underlying assets at a predetermined price within a set period of time. The aforementioned options are based on the IBIT BTCSpot ETF, which particularly attracts investors because it not only allows for leveraged operations in a specific direction, but also enables hedging for other positions.

The US Securities and Exchange Commission (SEC) approved the listing of IBIT options in September, and also approved rule changes submitted by the New York Stock Exchange (NYSE) and the Chicago Options Exchange Global Markets (Cboe Global Markets), including other BTC Spot ETFs.

As for BTC ETFs other than IBIT, Bloomberg ETF analyst James Seyffart said that options related to them may start trading in the next few days. He said:

It's possible to start trading this week, maybe in the next one or two days. At the moment, we can determine that all regulatory and bureaucratic obstacles have been cleared, and this is just completing the final details confirmation.

The market generally assumes that options trading will help attract institutional investors to the cryptocurrency market. However, the impact of leverage and hedging related to options on price trends remains to be seen.

Will the "BTC ETF Options" be a catalyst for Bitcoin's surge, now that it has been given the green light?

<"BTCSpot ETF Options" is coming! Nasdaq reveals the "listing time"> This article was first published in "Blocktempo".