The SEC has approved Nasdaq's listing and trading of options for BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), under the ticker symbol IBIT. Options are physically settled in Bitcoin. Bitcoin's price reacted positively to the news, nearly reaching US$64,000. Market observers and institutional investors like Michael Saylor believe the approval is bullish for the market. The US Securities and Exchange Commission (SEC) has approved Nasdaq's listing and trading of options on BlackRock's spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). The approval of options for $IBIT will accelerate institutional #Bitcoin adoption.