The US Securities and Exchange Commission (SEC) has approved Nasdaq's International Securities Exchange (ISE) to list and trade options on BlackRock's iShares Bitcoin Trust (IBIT).
The approval is a significant step forward for crypto derivatives and expands the range of financial products linked to Bitcoin in the US.
The decision follows BlackRock's request in March, and the amendments submitted by Nasdaq ISE to address concerns about market manipulation and excessive risk-taking.
The SEC's approval of the options will help Bitcoin ETFs gain traction with mainstream investors.