BlackRock strikes again! Applying to revise Bitcoin and Ethereum ETFs, its IBIT options holdings nearly 38 billion dollars crushing Deribit, is Wall Street capital accelerating to get on board?

Financial services giant BlackRock has filed documents with the U.S. Securities and Exchange Commission (SEC) on September 29 to amend the listing standards for its iShares Bitcoin ETF (IBIT) and iShares Ethereum ETF (ETHA) to comply with the universal listing rules. This move follows the SEC's approval of the universal listing standards for crypto ETFs, reflecting Wall Street's positive response to the changes in regulations for crypto asset ETFs, which is expected to significantly shorten the approval time for future crypto ETFs. More notably, with the SEC's approval of IBIT options trading, the open interest for BlackRock's Bitcoin ETF has soared to nearly $38 billion, surpassing Deribit, the crypto derivatives exchange, at $32 billion, making it the largest BTC options trading venue in the world, indicating that institutional capital is flooding into the crypto market at an unprecedented rate.

IBIT and ETHA plan to adopt a universal listing standard, which may accelerate the approval of future crypto ETFs.

According to the documents submitted to the SEC on September 29, Nasdaq proposed to amend the iShares Bitcoin Trust and iShares Ethereum Trust to allow IBIT and ETHA to be subject to general listing standards. Once approved, these two ETFs will operate under the general listing standards rather than following the terms of the original application.

· Nasdaq also requested the SEC to waive the 5-day advance notice period required under Rule 19b-40 ( f) ( ) iii (.

· Although these amendments take effect immediately upon submission, Nasdaq has designated the proposed amendments to take effect in the first quarter of 2026.

This revision is a quick response from the market to the SEC's Generic Listing Standards new rules. Previously, the Cboe BZX exchange had submitted a notice last Friday proposing to amend the listing rules for several ETFs, including the Fidelity Wise Origin Bitcoin Fund, VanEck Bitcoin ETF, 21Shares Ethereum ETF, Fidelity Ethereum Fund, and VanEck Ethereum ETF.

SEC new regulations take effect, significantly shortening the approval window for crypto ETFs

As of October 1st, the SEC-approved universal listing standards for crypto ETFs officially come into effect.

Under the new rules, mainstream exchanges such as Nasdaq, NYSE, and Cboe can now list and trade commodity trust shares of eligible spot products (including digital assets) without submitting the 19b-4 form.

· This change will significantly reduce the approval time for crypto ETFs under the Securities Act of 1933 from 240 days to 75 days, greatly improving the listing efficiency of future crypto asset ETFs.

In addition, the SEC has withdrawn all delay notifications regarding the ETF for other altcoins such as Solana, XRP, HBAR, and Litecoin under the general listing standards. This indicates that the approval of crypto ETFs is making positive progress, and the market is eagerly anticipating the birth of the first altcoin ETF under the Securities Act of 1933.

BlackRock Bitcoin ETF Options Open Interest Historically Surpasses Deribit, Market Landscape Changes Dramatically

At the same time as submitting the ETF amendment documents, BlackRock's Bitcoin ETF (IBIT) has also reached a significant milestone. According to Bloomberg, IBIT has surpassed the established crypto derivatives trading platform Deribit to become the world's largest BTC Options trading platform.

· This historic leap is due to the SEC's approval of IBIT's Options trading earlier this year.

· After the expiration of 23 billion dollars in crypto Options last Friday, the open interest on BTC listed on Nasdaq's IBIT surged to nearly 38 billion dollars, while the open interest on Deribit was about 32 billion dollars.

· IBIT currently manages assets of up to $87.71 billion, consolidating its position as the world's largest Bitcoin ETF.

This data reveals that the crypto industry is undergoing a paradigm shift, with the massive capital and influence of traditional Wall Street financial institutions rapidly penetrating the crypto derivatives market. The price of Bitcoin is currently trading above $114,100, and the market's focus has shifted to whether regulators will allow a spot Ethereum ETF to be staked.

Conclusion

BlackRock's revision of the listing standards for IBIT and ETHA is not only a positive response from Wall Street to the SEC's new rules, but also indicates that the approval process for future crypto ETFs will be significantly simplified, paving the way for more institutional capital to enter the market. Particularly, the milestone event of IBIT options open interest surpassing Deribit strongly demonstrates that traditional financial giants are reshaping the landscape of the crypto market. As the regulatory environment continues to mature, crypto assets are being accepted by the mainstream financial system at an unprecedented pace, and future market trends and asset allocations will be increasingly influenced by these macro structural changes. Investors should closely follow the subsequent regulatory dynamics and institutional fund flows.

Disclaimer: This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions cautiously.