Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
MIAX lists Bitcoin ETF options joining major US exchanges

MIAX lists Bitcoin ETF options joining major US exchanges

GrafaGrafa2024/11/28 03:21
By:Isaac Francis

The MIAX Sapphire Options Exchange has officially listed options on three Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs), according to a November 25 regulatory filing.

This development aligns MIAX Sapphire with other major U.S. exchanges, including Nasdaq and the New York Stock Exchange (NYSE), in offering options tied to Bitcoin ETFs.

The filing outlined that MIAX Sapphire will provide options on the Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).

These products expand MIAX’s existing options portfolio, which already includes commodity ETFs holding gold, silver, and platinum.

This move follows a series of regulatory approvals.

In September, the U.S. Securities and Exchange Commission (SEC) approved Nasdaq’s listing of options on the iShares Bitcoin Trust ETF (IBIT), marking the first authorisation for options on spot Bitcoin ETFs in the United States.

Similar approvals were granted to NYSE and Cboe in October, followed by endorsements from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC) in November.

The market response to Bitcoin ETF options has been significant.

On November 18, BlackRock’s IBIT options contracts saw nearly $2 billion in exposure on their first day of trading.

Options allow traders to buy or sell an underlying asset at a specific price, providing flexibility and hedging opportunities in volatile markets.

"Listing spot BTC ETF options on regulated U.S. exchanges marks a monumental advancement in cryptocurrency markets and creates extremely compelling opportunities for investors," remarked Jeff Park, Bitwise Investment's head of alpha strategies, on social media.

At the time of reporting, the Bitcoin (BTC) price was $96,388.52.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like