On November 19, trading in options on the spot bitcoin-ETF issued by BlackRock started on the Nasdaq exchange. This was reported by Decrypt with reference to Nasdaq representatives.

The introduction of these options became possible after the Options Clearing Corporation (OCC) gave its approval, clearing the last hurdle remaining after the approval of the U.S. Securities and Exchange Commission (SEC). According to Bloomberg analyst Eric Balchunas, it now just depends on when the options will be fully operational.

In its decision, the OCC was guided by the recommendations of the Commodity Futures Trading Commission (CFTC), which was recorded in an official document.

The launch of new options is assessed by experts as an important step that can dramatically change the cryptocurrency market. Analysts from Matrixport called it the beginning of a new era, when liquidity and financial integration will be significantly strengthened.

QCP Capital experts also emphasized the importance of the event, noting that in traditional finance, the volume of derivatives transactions often exceeds activity on the spot market by 10-20 times. This opens up prospects for further growth for bitcoin and other cryptocurrencies.

Earlier this year, the SEC gave the green light to all 11 applications to create spot bitcoin ETFs, and now the derivatives market is believed to be poised for significant change.