Rex Shares and Tuttle Begin Trading Bitcoin Options Targeting Spot Price
- 王林Original
- 2024-07-17 19:11:33492browse
Options on just-launched leveraged products that track the spot price of bitcoin via derivative swaps began trading on Thursday, a first for the cryptocurrency exchange-traded fund (ETF) universe.
Options on the newly launched leveraged exchange-traded funds (ETFs) that track the spot price of bitcoin via derivative swaps started trading on Thursday, marking a first for the cryptocurrency ETF universe.
Investors will now be able to buy options on the T-Rex 2x Long Bitcoin Daily Target ETF and the T-Rex 2x Inverse Bitcoin Daily Target ETF, which were launched on Wednesday, according to a statement from Rex Shares and Tuttle.
The Securities and Exchange Commission (SEC) has yet to approve options on the nine new ETFs that were launched in January and track the spot price of bitcoin directly.
The underlying leveraged ETFs are designed for daily traders interested in getting twice the return or betting on a decline in the underlying asset, which in the case of these products is BlackRock's market-leading iShares Bitcoin Trust. The leverage makes the ETFs potentially more volatile.
"We strongly encourage all traders to approach this exclusive offering with diligence, ensuring they are well-informed about the unique characteristics and risks associated with trading options for these specialized ETFs," Rex Shares and Tuttle said in the statement.
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