Bitcoin ETF options will likely attract "more big fish", says Eric Balchunas
On Friday, the Commodity Futures Trading Commission announced its approval for Bitcoin spot ETF options, marking a significant development in cryptocurrency derivatives.
Bloomberg analyst Eric Balchunas noted that while the CFTC's approval clears a major hurdle, the actual listing of Bitcoin ETF options hinges on the OCC’s likely approval. If finalized, these options would expand investment avenues for traders and institutional players seeking exposure to Bitcoin.
The iShares Bitcoin Trust, BlackRock's ETF, will trade under the ticker symbol"IBIT." This marks a significant milestone, as it opens up new avenues for investors to trade Bitcoin-based options through a regulated financial product.The approval of options trading for BlackRock's iShares Bitcoin Trust marks a significant step for the crypto market, boosting Bitcoin’s legitimacy among institutional investors.
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