Spot Bitcoin ETF Ready to Launch, Trading Options May Begin Tomorrow!
2024-11-19
Bittime - Launch of trading options ETF Bitcoin Spot seems to be getting closer. According to a statement from Nasdaq, this trading option could be available as soon as tomorrow.
This is good news for market players who have been waiting for trading options for the Bitcoin Spot ETF for a long time. Read this article to find out more!
Nasdaq: Spot Bitcoin ETF Trading Options
Nasdaq, one of the world's largest stock exchanges, has confirmed plans to launch trading options soon ETF Bitcoin Spot.
Alison Hennessy, head of ETP product listings at Nasdaq, stated that Nasdaq plans to begin trading these options as early as tomorrow because they know that many investors are really looking forward to it.
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BlackRock Spot Bitcoin ETF Trading Options
Of the 11 Bitcoin Spot ETFs currently listed in the US, only BlackRock iShares Bitcoin Trust (IBIT) which is listed on Nasdaq.
Therefore, the Bitcoin Spot ETF trading options that will be launched by Nasdaq will most likely be available to IBIT first.
This trading option allows investors to buy or sell IBIT, at a predetermined price within a certain time period.
With this mechanism, traders can speculate with leverage or protect their portfolio from market risk.
Spot Bitcoin ETF Trading Options Already Approved
SEC AS has approved the listing of Bitcoin Spot ETF trading options for IBIT since September.
Additionally, related rules have also been approved by the New York Stock Exchange (NYSE) and Cboe Global Markets, which is home to several other Bitcoin Spot ETFs.
According to James Seyffart, ETF analyst at Bloomberg Intelligence, all regulatory and bureaucratic hurdles have been cleared.
Benefits of Spot Bitcoin ETF Trading Options
It is believed that the launch of the Bitcoin Spot ETF trading option will attract the attention of institutional investors.
In addition to offering a new way to invest in Bitcoin, this option also allows investors to speculate with leverage and hedge positions.
1. Leveraged Speculation: Investors can take large positions without having to commit full capital.
2. Position Hedging: Reduce the risk of loss on the portfolio with hedging strategies.
However, it is not yet clear how this leverage and hedging will be used influence Bitcoin price movements in the market.
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