According to financefeeds, the US SEC has approved the listing of options products against the BlackRock iShares Bitcoin ETF (IBIT) on Nasdaq. Trading in the derivative still requires approval from the Office of the Comptroller of the Currency (OCC) and the US Commodity Futures Trading Commission (CFTC). Nasdaq said the trading platform will treat bitcoin ETF options similarly to other ETF options, subject to the same rules and trading procedures. The SEC notice said the IBIT options will be physically settled in a US-style call-over. This means the options can be exercised at any time before expiration.