Summary
The SEC has delayed a decision on allowing options trading on BlackRock’s iShares Bitcoin Trust and Cboe Exchange’s proposal for spot bitcoin ETFs. Exchanges are hoping to allow traders to buy and sell options on the products after successful trading volume and inflows. Crypto ETFs allow investors to gain exposure to digital assets without needing to buy and store the crypto themselves. BlackRock’s iShares Bitcoin Trust has been successful, receiving record inflows and trading volume.
Key Points
1. The Securities and Exchange Commission has delayed deciding on whether to allow options trading on BlackRock’s iShares Bitcoin Trust.
2. The SEC has pushed back a decision on a proposal from Cboe Exchange to list and trade options on spot bitcoin ETFs.
3. Exchanges are hoping to allow traders to buy and sell options on Bitcoin ETFs after a successful month and a half of trading volume and inflows.