The U.S. Securities and Exchange Commission has approved listing and trading of options for asset manager BlackRock's spot bitcoin exchange-traded fund on the Nasdaq.

The US Securities and Exchange Commission has approved Nasdaq Inc.’s application to list options on the iShares Bitcoin Trust ETF, marking the clearing of an important hurdle before derivatives tied to the product can begin trading.

In a notice published on Sept. 20, the U.S. Securities and Exchange Commission (SEC) approved Nasdaq’s request to list and trade options for BlackRock’s spot Bitcoin exchange-traded fund (ETF). The regulatory body granted approval for options trading on the iShares Bitcoin Trust,

MicroStrategy Inc. said it raised $1.01 billion through the sale of convertible senior notes to purchase more Bitcoin and redeem higher yielding securities.

Bitcoin ETFs in the US registered an inflow of $158.3 million on Thursday On September 19, Bitcoin ETFs saw a significant inflow of $158.21 million, marking a strong recovery from the previous day’s outflow of $52.