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SEC approves BlackRock's application to trade options for a spot bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has approved a joint application by BlackRock and Nasdaq to launch trading in options on the shares of spot bitcoin ETFs. 

The agency has authorized trading and listing of this product for the iShares Bitcoin Trust under the IBIT ticker symbol.

This approval by the SEC marks a significant milestone in the integration of cryptocurrencies into traditional financial markets. The introduction of options trading for a spot bitcoin ETF opens up new opportunities for investors seeking exposure to digital assets within a regulated framework. It will be interesting to observe the impact of this development on the overall cryptocurrency market.