According to PANews, on July 9, Brazil's B3 announced the launch of Bitcoin, Ethereum, and Solana futures options starting July 6. The new options are European-style, exercisable only at expiration, with underlying assets based on B3-listed cryptocurrency futures contracts rather than spot crypto assets, and do not involve token custody, transfers, or management.
Upon exercise, buyers and sellers establish long or short positions in the respective Bitcoin, Ethereum, or Solana futures' first outstanding contract and fulfill margin and cash settlement obligations as specified in the contract.