BlackRock’s Bitcoin ETF options set to launch tomorrow

Key Takeaways

BlackRock’s iShares Bitcoin Belief choices will start buying and selling tomorrow.
iBIT has $43 billion in AUM, with Bitcoin ETF buying and selling volumes surging post-Trump’s election win.

BlackRock’s iShares Bitcoin Belief (IBIT) choices are set to start buying and selling tomorrow, in line with Alison Hennessy, head of ETP listings at Nasdaq.

🚨 Breaking: NASDAQ’s head of ETP listings tells @EricBalchunas they’re prepared to start buying and selling #Bitcoin ETF choices “as early as tomorrow.”

Supply: Bloomberg pic.twitter.com/A6hKS8l7ny

— Crypto Briefing (@Crypto_Briefing) November 18, 2024

In a statement right this moment, the Choices Clearing Company (OCC), the world’s largest fairness derivatives clearing group, confirmed its readiness to clear and settle choices for spot Bitcoin ETFs, such because the BlackRock’s iShares Bitcoin Belief (iBIT).

The assertion referenced key developments, together with the SEC’s approval on September 20 to permit choices buying and selling for the iBIT Belief and the CFTC’s November 15 employees advisory on clearing choices for spot commodity ETFs.

Following the announcement, Bloomberg Senior ETF Analyst Eric Balchunas stated it’s “a matter of when, not if.”

Hours later, Alison Hennessy, Nasdaq’s Head of ETP Listings, stated on ETF IQ that iBIT choices might be listed as quickly as tomorrow.

BlackRock’s iShares Bitcoin Belief has already established itself as a serious participant within the crypto area since its launch in January.

The ETF has amassed $43 billion in belongings below administration (AUM) and holds almost 472,000 Bitcoin, reflecting sturdy institutional demand.

This announcement comes as Bitcoin ETF buying and selling volumes have surged, ranging between $3 billion and $7 billion all through November.

The uptick coincides with Donald Trump’s victory because the forty seventh US president, following his broadly anticipated reelection win on November 6.

This renewed optimism mirrors the early-year momentum seen through the launch of spot Bitcoin ETFs in January, when buying and selling volumes ranged between $4 billion and $12 billion earlier than declining in Q2 and Q3.