MIAX Sapphire Options Exchange has joined Nasdaq and NYSE in listing options on Bitcoin ETFs, specifically the Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). This decision follows regulatory filings made on November 25, allowing MIAX Sapphire to broaden its offerings, which already include options on other commodity ETFs. This development signifies a significant step in the U.S. cryptocurrency market, as it was recently authorized by the SEC and other regulatory bodies to list options on Bitcoin ETFs. The first day of trading options contracts on BlackRock’s iShares Bitcoin Trust ETF (IBIT) was on November 18, showing strong institutional interest and investment potential. Analysts anticipate that the introduction of these options contracts will accelerate institutional adoption of Bitcoin, creating valuable opportunities for investors while mitigating counterparty risks through the OCC's oversight.

Source 🔗