The rise in $BTC futures trading comes in parallel to a bump in volumes and buying activity in the crypto options markets, used mainly by sophisticated investors to hedge against price swings or take levered bets on bitcoin movements. By shauryamalwa.
and buying activity on bitcoin options markets, used mainly by sophisticated investors to hedge against price swings or take levered bets on bitcoin movements.
Some market observers say the trend is likely to continue should ETF applications from traditional finance giants such as BlackRock be approved in the coming months. “Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email last week.
“The recent burst of bitcoin ETF applications from leading institutions like BlackRock, Fidelity, and Invesco shows that new regulatory guidelines are the greenlight institutions have been waiting for to launch bitcoin-based products and meet client demand,” Adelman added.
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