Nasdaq To List Spot-Bitcoin ETF Options as Crypto Assets Rally
Bitcoin ETF options could trade as soon as Tuesday, as BlackRock’s IBIT has amassed nearly $30 billion since launch
@Nasdaq plans to list options on BlackRock Inc.’s Bitcoin exchange-traded fund, as soon as Tuesday.#BTCNews #ETF #Nasdaq pic.twitter.com/I04FcpHaaF
— The_Journalbiz (@the_journalbiz) November 18, 2024
Nasdaq Inc. is planning to list options on BlackRock Inc.’s Bitcoin exchange-traded fund, possibly as soon as Tuesday, allowing investors to use derivatives to bet on or against the world’s largest digital asset.
“Our intent at Nasdaq is to list and trade these options as early as tomorrow,” Alison Hennessy, head of ETP listings at Nasdaq, said on Bloomberg’s ETF IQ on Monday. “Getting these options listed on IBIT into the market I think will be very exciting for investors because that’s really what we have heard from them.”
Hennessy says Blackrock has been working with regulators for over 10 months to make this happen.
The iShares Bitcoin Trust ETF (ticker IBIT) has amassed nearly $30 billion in assets since its launch, by far the biggest in the cohort.
