Spot Bitcoin exchange-traded fund options have seen a solid volume on the first day.
- Bitcoin The price of oil rose to a record high of $94,000 today.
- Spot Bitcoin ETFs are now available on Nasdaq.
- The The product was launched in response to a strong demand by traders.
Bitcoin BTC reaches new highs Tuesday As you can see, the following is a list of possible candidates. Wall Street The company has launched its latest product that is almost certain to increase the exposure for digital currency amongst financial institutions: Options trading on bitcoin exchange-traded fund (ETF) spot.
At At press time, the top crypto traded above $94,000. It was up more than 4 percent in the last day. This The previous record was set in 2009 at $93,450. Nov. 13.
Meanwhile, CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization except for stablecoins, memecoins, and exchange tokens — is up about 0.3%. The index’s biggest winner was (HBAR), up 9%, while the biggest loser was {{POL}}, down 0.8%.
Options Investors can buy or sell a particular asset at a certain price and within a set time frame. While The CME already offers bitcoin options. The spot bitcoin ETF is a big deal to retail participants as well as financial institutions. Noelle AchesonFormer head of Market Insights at Genesis.
“A deeper onshore derivatives market will enhance the growing market sophistication,” Acheson Postings On X. “This will reinforce investor confidence in the asset, bringing in new cohorts while enabling a greater variety of investment and trading strategies.”
“Institutions will be attracted to the greater flexibility and access to high-volume exposure,” Acheson added. “Options offer deeper granularity in expressing an investment opinion, and can boost exposure relative to outlay, making them especially attractive to large players.”
Only one of the eleven U.S.-based spot bitcoin ETFs — BlackRock’s IBIT — currently has options available so far, and the demand has been strong.
“A few hundred million so far in options volume on IBIT (a ton for day one),” Bloomberg ETF analyst Eric Balchunas Postings On X. Balchunas The vast majority of contracts were called, meaning that the bets were on the price of bitcoin to continue rising.
Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 10 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.Watch a video on how to find out about the upcoming cryptocurrency pump and earn huge profits.
These trading signals help earn huge profit in just a few hours after purchasing the coins published on the Telegram channel.Are you already making a profit using these trading signals? If not, then try it!We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP subscribers of the Crypto Pump Signals for Binance channel.
