Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Blackrock is seeking SEC approval to offer an option on a spot Bitcoin ETF. Ishares Bitcoin Trust currently holds 28,622 BTC.
TRADING NEWS

Blackrock is seeking SEC approval to offer an option on a spot Bitcoin ETF. Ishares Bitcoin Trust currently holds 28,622 BTC.

By Crypto FlexsJanuary 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Blackrock is seeking SEC approval to offer an option on a spot Bitcoin ETF.  Ishares Bitcoin Trust currently holds 28,622 BTC.
Share
Facebook Twitter LinkedIn Pinterest Email

Blackrock, the world’s largest asset manager, is seeking approval from the U.S. Securities and Exchange Commission (SEC) to offer spot Bitcoin exchange-traded fund (ETF) options. The SEC has opened a comment period on proposed rule changes filed by Nasdaq to list and trade options on Blackrock’s spot Bitcoin ETF. Blackrock’s Ishares Bitcoin Trust has accumulated 28,622 bitcoins since launch.

SEC Opens Comment Period on Ishares Bitcoin Trust Options Trading

Blackrock, the world’s largest asset manager, is planning to offer options on Ishares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund (ETF).

Nasdaq, which lists and trades IBIT, filed a proposed rule change (Form 19b-4) with the U.S. Securities and Exchange Commission (SEC) on Friday to list and trade options on IBIT. Nasdaq explained in an SEC filing:

By offering an option on the Trust (IBIT), the exchange provides investors with a relatively inexpensive additional investment tool to gain exposure to spot Bitcoin, as well as a hedging vehicle to meet their investment needs related to Bitcoin products. I believe it will be beneficial to you. location.

Bloomberg analyst James Seyffart I left a comment.: “The SEC has already recognized Section 19b-4 requiring the ability to trade spot Bitcoin ETF options. This is faster than the SEC typically moves.” The analyst said: “If the SEC wants to move quickly, can the option be approved before the end of February?… At the earliest, the option is still more than 27 days away.”

Following Nasdaq’s filing, the SEC has opened a comment period on proposed rule changes for listing and trading options on the Ishares Bitcoin Trust. The comment period will last 21 days after publication in the Federal Register.

Since its launch on January 11, Blackrock’s Ishares Bitcoin Trust has amassed 28,622 bitcoins, with a market value of $1.199 billion as of January 18.

The spot Bitcoin ​​ETF has seen strong trading volume since its launch on January 11th. Bloomberg ETF analyst Eric Balchunas detailed Nine spot Bitcoin ETFs “saw another increase in volume” on Friday. This is a 12% increase from Thursday and a 53% increase from Wednesday. He called it a “rare phenomenon.” The analyst added that Fidelity Wise Origin Bitcoin Fund (FBTC) and Blackrock’s IBIT are “in a legal duel to be The One.” Nonetheless, he emphasized that “they are all recording huge numbers for beginners, and the competition is making it twice as hard for everyone.”

The SEC approved 11 spot Bitcoin ETFs on January 10th. In addition to Grayscale’s Bitcoin ETF, which converted from the Grayscale Bitcoin Trust (GBTC), Blackrock’s IBIT leads in terms of overall trading volume, followed closely by Fidelity’s FBTC. Grayscale’s Bitcoin ETF has seen significant Bitcoin outflows. Since January 12, the trust has seen a cumulative outflow of 50,106.59 BTC, worth over $2 billion. According to Balchunas, Blackrock’s spot Bitcoin ETF is Top 15 of all ETFs Top 2% by asset, top 2% by daily trading volume.

What do you think about Blackrock wanting to offer an option on a spot Bitcoin ETF? Let us know in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Do not invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025
Most Popular

Bitwise Brings Bitcoin Spirit to Wall Street

August 28, 2024

CPCoin Team Announces CP Merchant – The Future of Cryptocurrency Payments for Businesses

September 21, 2024

Bitcoin Price Hits Weekly High of $585K as U.S. Jobs Data Misses

August 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.