SEC Approves Quadrupled Bitcoin ETF Options Limits

The SEC on July 18 approved a fourfold increase in position and exercise limits for options on BlackRock's iShares Bitcoin Trust (IBIT), from 250,000 to 1,000,000 contracts, signifying further maturation of the institutional Bitcoin ETF market.

The top 3

  1. World's First Bitcoin ETF Launched in Canada: The Purpose Bitcoin ETF (BTCC) became the world's first physically settled Bitcoin ETF, launching on the Toronto Stock Exchange in February 2021.
  2. First US Bitcoin Futures ETF Approved by SEC: The ProShares Bitcoin Strategy ETF (BITO) was the first Bitcoin futures ETF to receive approval from the U.S. Securities and Exchange Commission (SEC) in October 2021.
  3. First US Spot Bitcoin ETFs Approved by SEC: On January 10, 2024, the SEC approved 11 spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale Bitcoin Trust (GBTC), marking a significant shift in U.S. crypto investment.

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