The U.S. Securities and Exchange Commission (SEC) has today approved BlackRock’s proposal to list and trade options on its spot bitcoin exchange-traded fund (ETF), known as the iShares Bitcoin Trust (IBIT).
Through a statementthe SEC highlighted that the approval was granted in an “accelerated” manner to BlackRock, the world’s largest asset manager, underscoring that continues to point towards the regulation of financial products linked to cryptocurrenciesThe decision marks a milestone in the development of investment options that allow traders and investors to manage risk and opportunities in the digital currency market.
“The Commission is issuing this notice to solicit comments on Amendments Nos. 4 and 5 from interested persons, and is approving the proposed rule change, as modified by Amendments Nos. 1, 4, and 5, on an expedited basis,” the SEC said.
The regulator added that Nasdaq will implement surveillance procedures comparable to those of other ETF options with the aim of detecting and preventing manipulative behavior in the market.
News in development…