The launch of options for the iShares Bitcoin Trust (IBIT) could happen on Nasdaq as early as tomorrow, according to the exchange's head of ETP listings.

The SEC approved options for spot Bitcoin ETFs across several exchanges last September. Other products may also introduce options trading within days.

"Our intent at Nasdaq is to list and trade these options as early as tomorrow," said Alison Hennessy, the head of ETP listings.

Currently, there are eleven U.S.-based spot Bitcoin ETFs, but only one, the iShares Bitcoin Trust (IBIT), is listed on Nasdaq, which means it could have options available.

Options allow investors to buy or sell assets at a predetermined price and can provide significant advantages for trading strategies.

Regulatory approval for IBIT's options was given in September, and further listings for other Bitcoin ETFs are anticipated soon.

"It’s likely these start trading this week; all regulatory hurdles seem to have been cleared," said James Seyffart.

The introduction of options is expected to enhance institutional interest in cryptocurrency, but their long-term impact on market dynamics remains to be seen.