US SEC Delays Approval on BlackRock Bitcoin ETF Options and FLEX Trading Limits
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Approval Delay: The US SEC has postponed its decision on extending limits for BlackRock Bitcoin ETF (IBIT) options and FLEX trading until February 24, extending the standard review period, which may impact market liquidity and investor confidence.
- Inflows Performance: Despite a total net outflow of $243 million from spot Bitcoin ETFs, BlackRock's IBIT ETF recorded a notable inflow of $229 million, indicating its strong market appeal amidst broader bearish trends.
- Bitcoin Price Fluctuations: Bitcoin's price has dropped nearly 3% in the past 24 hours, currently trading at $91,413, primarily influenced by miner sell-offs and geopolitical factors, which could further dampen investor sentiment.
- Market Dynamics: Nasdaq ISE proposed increasing IBIT options' position and exercise limits from 250,000 to 1,000,000 contracts to enhance market makers' hedging capabilities, but the SEC's delay may hinder the implementation of this plan.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
