The U.S. SEC approved the listing and trading of multiple Bitcoin ETF options, with a one-way position limit of 25,000 contracts

On October 22nd, the US Securities and Exchange Commission (SEC) approved the listing of multiple Bitcoin ETF options products on the Cboe Exchange and NYSE American Exchange. Cboe was granted approval to list options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was granted approval to list options for the Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Previously, the SEC had approved options trading for the iShares Bitcoin Trust (IBIT) under BlackRock.

According to the documents, both exchanges have set a unilateral position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than other ETF option products. As of August 30, 2024, GBTC has issued approximately 367 million shares with a market value exceeding $13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares with a six-month trading volume exceeding 1.1 billion shares; ARKB has issued approximately 45.5 million shares with a six-month trading volume exceeding 297 million shares.