Nasdaq Unveils Options for BlackRock’s Bitcoin ETF, Signaling Increased Institutional Engagement
by aria-crypto.com
November 21, 2024 at 11:05
Nasdaq Unveils Options for BlackRock’s Bitcoin ETF, Signaling Increased Institutional Engagement
On 19 November 2024, Nasdaq introduced options for BlackRock's spot Bitcoin ETF, marking a pivotal development in cryptocurrency investment options. This initiative, achieved after extensive collaboration with BlackRock and regulatory bodies like the CFTC and the Options Clearing Corporation, is designed to offer investors enhanced flexibility in handling Bitcoin exposure. Alison Hennessy, Nasdaq’s Head of ETP Listings, acknowledged the robust investor interest that has contributed to the iShares Bitcoin Trust accumulating over $30 billion in assets. Eric Balchunas of Bloomberg Intelligence highlighted that the incorporation of options could significantly amplify market volume and attract more institutional investors. QCP Capital, a crypto-focused trading firm, emphasized how this could serve institutions previously hindered by limitations on native crypto options platforms. They compared the potential market size of derivatives to traditional markets, where derivatives often outsize the underlying assets substantially. This introduction also correlates with a broader institutional pivot towards digital assets, evidenced by increased investments in firms like MicroStrategy and strategic moves by major banks such as Goldman Sachs. Options trading has started robustly with Bitcoin's price stabilization around $90,000 and optimism about the cryptocurrency's future trajectory.
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