OCC or financial news outlets confirming the start of trading

Spot Bitcoin ETF Options Near Approval as OCC Prepares for Launch of BlackRock's $IBIT on November 19, 2024

Nov 18, 2024, 04:33 PM

Spot Bitcoin ETF options are nearing approval, with the Options Clearing Corporation (OCC) preparing to list them under the oversight of the Securities and Exchange Commission (SEC). This development follows the SEC's approval of Bitcoin ETFs earlier in January 2024. The Commodity Futures Trading Commission (CFTC) has issued a staff advisory confirming the OCC's readiness for the clearance, settlement, and risk management of these options. Industry experts suggest that trading could commence imminently, with some indicating that options for BlackRock's spot Bitcoin ETF, identified by the ticker $IBIT, could potentially be listed as early as November 19, 2024.