U.S. SEC approves options trading on BlackRock's spot bitcoin ETF

seekingalpha09-21

The U.S. Securities and Exchange Commission (SEC) on Friday approved the listing and trading of options on BlackRock's (NYSE:BLK) spot bitcoin (BTC-USD) exchange-traded fund. BlackRock's (BLK) iShares...

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BlackRock's (BLK) iShares...</p>\n\n<a href=\"https://seekingalpha.com/news/4151738-us-sec-approves-options-trading-on-blackrocks-spot-bitcoin-etf\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. SEC approves options trading on BlackRock's spot bitcoin ETF</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. SEC approves options trading on BlackRock's spot bitcoin ETF\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-21 07:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4151738-us-sec-approves-options-trading-on-blackrocks-spot-bitcoin-etf><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Securities and Exchange Commission (SEC) on Friday approved the listing and trading of options on BlackRock's (NYSE:BLK) spot bitcoin (BTC-USD) exchange-traded fund. BlackRock's (BLK) iShares...</p>\n\n<a href=\"https://seekingalpha.com/news/4151738-us-sec-approves-options-trading-on-blackrocks-spot-bitcoin-etf\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FDN","symbol_name":"First Trust Dow Jones Internet I","start_time":0,"source_url":"https://seekingalpha.com/news/4151738-us-sec-approves-options-trading-on-blackrocks-spot-bitcoin-etf","article_id":"2469834959","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1438365659/image_1438365659.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469834959","pubTimestamp":1726873827,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The U.S. Securities and Exchange Commission (SEC) on Friday approved the listing and trading of options on BlackRock's (NYSE:BLK) spot bitcoin (BTC-USD) exchange-traded fund. BlackRock's (BLK) iShares","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","FDN":"First Trust Dow Jones Internet I","BK4535":"淡马锡持仓","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","03008":"博时比特币","EZBC":"Franklin Bitcoin ETF","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BITQ":"Bitwise Crypto Industry Innovators ETF","IBIT":"iShares Bitcoin Trust","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","09008":"博时比特币-U","BLOK":"Amplify Transformational Data Sharing ETF","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","BITB":"Bitwise Bitcoin ETF","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IBLC":"iShares Blockchain and Tech ETF","DAPP":"VanEck Digital Transformation ETF","BRRR":"Valkyrie Bitcoin Fund","ARKB":"ARK 21Shares Bitcoin ETF","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","03042":"华夏比特币","BTCO":"Invesco Galaxy Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","BTCW":"WisdomTree Bitcoin Fund","BLK":"贝莱德","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","GBTC":"Grayscale Bitcoin Trust","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","09042":"华夏比特币-U","03439":"嘉实比特币","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","HODL":"VanEck Bitcoin Trust ETF","BK4567":"ESG概念","BK4534":"瑞士信贷持仓","LU0772969993.USD":"FIDELITY GLOBAL DIVIDEND \"A\" (USD) ACC","BKCH":"AdvisorShares Sabretooth ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","09439":"嘉实比特币-U"},"translate_title":"美国SEC批准贝莱德现货比特币ETF期权交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"EZBC":1,"BTCW":1,"BTCO":1,"BRRR":1,"BLOK":1,"BLK":1,"BKCH":1,"CRPT":1,"DAPP":1,"FBTC":1,"BITQ":1,"BITB":1,"ARKB":1,"FDN":1,"GBTC":1,"HODL":1,"IBLC":1,"03042":0.9,"BTCmain":0.9,"XBTmain":0.9,"09439":0.9,"09008":0.9,"03439":0.9,"03008":0.9,"IBIT":0.7,"09042":0.6},"content_text":"The U.S. Securities and Exchange Commission (SEC) on Friday approved the listing and trading of options on BlackRock's (NYSE:BLK) spot bitcoin (BTC-USD) exchange-traded fund. BlackRock's (BLK) iShares Bitcoin Trust ETF (NASDAQ:IBIT) is the world's largest fund of the cryptocurrency, with net assets of $22.67B as of September 19, 2024. \"Options on IBIT would provide investors with a hedging and risk management tool to manage exposure to the price of bitcoin and bitcoin-related products and positions,\" the SEC said in a statement. The options would be physically settled with American-style exercise, meaning that when the option is exercised, bitcoin (BTC-USD) will be delivered to fulfill the contract.  The options on IBIT would trade in a similar manner as other ETF options, the SEC said.  \"Huge win for the bitcoin ETFs (as it will attract more liquidity which will in turn attract more big fish),\" Eric Balchunas, senior ETF analyst for Bloomberg, said on X (formerly Twitter). \"Important note: This is just one stage of approval, the OCC and CFTC has to approve as well before they officially list. The other two don't have a 'clock' so not sure when they'll be approved. A big step (though) nonetheless that the SEC came around,\" Balchunas added, referring to the Options Clearing Corporation and the Commodity Futures Trading Commission. Options are contracts that give investors the right, but not the obligation, to buy (a \"call\" option) or sell (a \"put\" option) an asset at a predetermined price before a specific date. With bitcoin's (BTC-USD) tendency to show wild swings in price, options would allow investors to manage associated risks more effectively.  The crypto industry in the U.S. received a major boost at the start of this year after the SEC's long-awaited approval of spot bitcoin (BTC-USD) exchange-traded products. Not long after, bitcoin (BTC-USD) surged to a record high north of $73K in March, though it has since retreated after its last halving on April 19, 2024. It was last +0.3% to $63,161.02.  According to CoinMarketCap, the market cap of the global crypto industry stood at $2.2T. Here are some crypto-focused exchange-traded funds that investors can track:  Bitcoin Backed ETFs: (IBIT), (ARKB), (GBTC), (BRRR), (BTCO), (HODL), (BTCW), (FBTC), (BITB), and (EZBC). Blockchain ETFs: (BITQ), (DAPP), (BKCH), (BLOK), (CRPT), and (IBLC).  More on BlackRock and bitcoin  Swimming With Giants - Don't Bet Against BlackRock BlackRock, Microsoft, Nvidia team up to launch $30B AI infrastructure fund Bitcoin: More Reserve Asset Than Global Currency Bitcoin on track to rise on weekly basis as Fed delivers jumbo rate cut MicroStrategy adds 7,420 more bitcoins to its balance sheet in past week","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Policy And Regulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2469834959"}