Bitcoin (BTC) Options Being Listed on Spot ETFs is a Huge Moment for Mainstream Adoption
- Linda HamiltonOriginal
- 2024-11-19 16:02:15320browse
The imminent listing of options for BlackRock's IBIT will set the stage right for mainstream adoption of Bitcoin and other digital assets.
Nasdaq is set to list options for BlackRock's IBIT (NYSE:IBIT), marking a significant step towards mainstream Bitcoin (BTC) adoption.
The listing comes after regulatory approvals from the Securities and Exchange Commission (SEC) and Options Clearing Corporation (OCC).
As part of the effort to integrate cryptocurrencies into mainstream finance, Nasdaq is preparing to list options for BlackRock's iShares Trust. The move is set to be a major step in mainstream adoption of Bitcoin.
Nasdaq Head of ETP Listings Alison Hennessy confirmed on Monday that the options for BlackRock's IBIT will begin trading as early as today.
“Our intent at Nasdaq is to list and trade these options as early as tomorrow. Getting these options listed on IBIT into the market I think will be very exciting for investors because that’s really what we have heard from them,” Hennessy said.
The listing of options for BlackRock's IBIT has been approved by all relevant regulators, including the OCC.
The SEC approved the listing of options for spot Bitcoin ETFs last month. Meanwhile, the Commodities Futures Trading Commission asserted on Friday that the listing of options for spot Bitcoin ETFs would not fall under its jurisdiction, paving the way for OCC's approval.
Options Being Listed on Bitcoin ETFs Marks a Huge Moment in Crypto HistoryThe listing of options for BlackRock's IBIT will set the stage for mainstream adoption of Bitcoin and other digital assets.
The launch of spot Bitcoin ETF options will also integrate BTC into traditional financial markets, boosting its liquidity and volatility.
In traditional markets, the derivatives market is 10-20 times the size of the underlying asset's market capitalization. However, this ratio is inverted in the crypto market.
“In traditional markets (equities & commodities for ex), derivatives = 10-20x the size of the underlying market cap. This is starkly inverted in btc where listed options value is
Impact on BTC Price PerformanceBitcoin price has surged to new all-time highs in 2023 following the approval of spot BTC ETFs in the United States.
The US spot BTC ETFs have attracted over $27 billion in cash inflows, growing their assets under management to more than $95 billion.
According to crypto analyst Ali Martinez, Bitcoin price must consistently close above $91k in the coming weeks to maintain momentum for a rally past $100k.
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