The IBIT options are expected to officially launch on November 19.

According to The Block, the Options Clearing Corporation ($OCC) in the United States has announced that it is ready to clear options trading related to spot Bitcoin ETFs. The IBIT options are expected to officially launch on November 19 (Tuesday), becoming the first options trading product linked to a spot Bitcoin ETF. The $OCC stated that it will be responsible for clearing and risk management, with these options listed on exchanges regulated by the U.S. Securities and Exchange Commission (SEC), and not falling under the jurisdiction of the Commodity Futures Trading Commission (CFTC). In January of this year, the SEC approved 11 spot Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust (IBIT) being approved in September as the first spot ETF to launch options. Currently, the cumulative trading volume of spot Bitcoin ETFs has exceeded 500 billion, with IBIT accounting for about two-thirds of the market share. Market analysts expect that Bitcoin ETF options will have a high speculative nature due to the participation of retail traders, while institutional investors may use them more for risk hedging.