09.23.2024
The U.S. Securities and Exchange Commission has approved the listing of options on BlackRock’s spot Bitcoin ETF.
Bitwise Head of Alpha Strategies @dgt10011 wrote up his view on why options on Bitcoin ETFs are a major unlock.
Post went viral. Take a look — https://t.co/17U0l9YHo9
— Hunter Horsley (@HHorsley) September 22, 2024
Love this from @dgt10011 on bitcoin ETF options. In particular, the section about bitcoin's volatility smile and "negative vanna" is really important. The "banana zone" just got even more slippery. https://t.co/MrZY9cCGX0
— Matt Hougan (@Matt_Hougan) September 22, 2024
Once options trading is live, next milestone for spot btc ETFs will be in-kind creation & redemption… https://t.co/ClW0Ksb7fh
— Nate Geraci (@NateGeraci) September 20, 2024
The approval of options on Blackrock's Bitcoin ETF will bring more institutional adoption of the asset, which will lower volatility & limit explosive upside of bitcoin.
Bitcoin will be a great asset going forward.
Just don't expect the same returns as in past years.
— Anthony Pompliano 🌪 (@APompliano) September 20, 2024
1/ sorry for the long thread: I’ve had many convos around the SEC approval of IBIT options. my smart colleagues in the industry (h/t @dgt10011) have written great commentary around it…
my own views are more nuanced and tempered, but as always expect the unexpected in crypto: pic.twitter.com/bGHuNHVRI9
— Joshua Lim (@joshua_j_lim) September 23, 2024
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
https://www.marketsmedia.com/as-technology-evolves-asset-managers-adapt-and-innovate/
Citi Changes Organizational Structure
https://www.marketsmedia.com/citi-changes-organizational-structure/
SEC Charges Virtu for Disclosures Relating to Information Barriers
https://www.marketsmedia.com/sec-charges-virtu-for-disclosures-relating-to-information-barriers/
ICE Futures Singapore Partners with CoinDesk Indices
https://www.marketsmedia.com/ice-futures-singapore-partners-with-coindesk-indices/
Shanny Basar
Senior writer
A Senior Writer at Markets Media who became a financial journalist in 2000 after working in banking for over a decade....
More about this authorRelated articles
-
BTCRB options are fully-collateralized, cash-settled binary options that expire each trading hour.
-
These new contracts will be the first CME crypto options to be financially settled.
-
The bitcoin infrastructure provider is launching two investment funds in Q1 2025.
-
The digital asset custodian said this is a landmark for a bank-built, regulated business.
-
Investors increasingly seek crypto exposure through exchange-listed wrappers.