Nasdaq Inc. is planning to list options on BlackRock Inc.’s Bitcoin exchange-traded fund, possibly as soon as Tuesday, allowing investors to use derivatives to bet on or against the world’s largest digital asset.

BlackRock’s Bitcoin ETF options will finally go live on the Nasdaq stock exchange, maybe as soon as tomorrow. Alison Hennessy, Nasdaq’s head of ETP listings, dropped the news on Bloomberg’s ETF IQ. “Getting these options listed on IBIT into the market I think will be very exciting for investors because that’s really what we have

Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk's Markets Daily show. Helene is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

An industry push to offer options trading on Bitcoin exchange-traded funds recently cleared some regulatory hurdles.

ETF analyst Eric Balchunas commented that the notice implies it is “a matter of when, not if” these crypto investment vehicles will launch. Spot Bitcoin ETFs have been eagerly anticipated for their direct exposure to Bitcoin’s price movements, making them attractive for institutional and retail investors.

The Options Clearing Corporation issued a Nov. 18 notice saying it was preparing for the “clearance, settlement, and risk management” of spot Bitcoin ETFs.

BlackRock’s Bitcoin ETF options will start trading tomorrow with significant market implications after regulatory approvals.