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BlackRock’s Success with IBIT ETF Options Delayed as SEC Delays Decision
In a shocking turn of events, the US Securities and Exchange Commission (SEC) has announced a delay in its decision regarding BlackRock’s IBIT options. The development comes at a time when IBIT’s open interest (OI) has exceeded $13 billion, eclipsing 55% of Deribit’s options OI.
As reported earlier, IBIT became one of the most active ETF options markets shortly after its launch, rivaling the likes of iShares 20+ Year Treasury Bond ETF (TLT). The platform’s rapid growth has led many to speculate about the potential impact on other Ethereum-based products.
In a surprising twist, BlackRock’s ETHA recorded $10.6 million in inflows, contradicting earlier expectations. This news comes after it was previously reported that ETHA had experienced “massive adoption” within just several months of its launch. It is now clear that the product has a total of $3.7 billion in assets under management.
The delay in the SEC’s decision regarding IBIT options may spark renewed speculation about the future of the cryptocurrency market.
Source: https://u.today/decision-on-blackrock-ethereum-etf-options-delayed-by-sec
