Feb. 10, 2024
The SEC should approve the proposal to list and trade options on iShares Bitcoin Trust (IBIT). Offering options on IBIT will likely increase overall market liquidity, allow for arbitrage and increased market efficiency, benefiting investors. Additionally, options on IBIT will benefit investors by providing them with additional investing tools to take exposure to spot bitcoin either long or short, with calls or puts, using less capital and taking less risk than outright long or short positions in the security. Options would give investors a means to hedge their investments in IBIT and other bitcoin related positions.