MIAX lists Bitcoin ETF options joining major US exchanges
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.
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.
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