SEC Approves Options on WisdomTree Bitcoin Fund BTCW
SEC clears Cboe rule change for listed options on existing WisdomTree Bitcoin Fund, adding regulated derivatives for ETF exposure.
The Securities and Exchange Commission approved a Cboe Options Exchange rule amendment that permits listed options on the WisdomTree Bitcoin Fund.
The approval applies to options on the existing BTCW fund and does not constitute approval of a new spot Bitcoin ETF or of the underlying Bitcoin asset.
What remains unknown
Listed options can support hedging, covered-call strategies, and volatility positioning for investors who already hold exposure through the ETF.
No launch date, trading start, volume projections, or market-maker commitments have been disclosed.