It is essential that the SEC allow options trading on spot bitcoin related funds such as IBIT. With the bitcoin market running 24/7, institutional investors need a way to hedge their investments during periods of market downtime such as weekends and holidays. Options allow hedging strategies that mitigate this risk. The decision to allow spot bitcoin related ETF’s was not an easy one to make. Now that these securities exist, the SEC has a responsibility to provide a safe and fair marketplace for all investors.