Spot Bitcoin ETF Exempted As Options Trading Opens For Inverse Funds 🚨
Latest ETF Products on The Block
On Thursday, REX Shares and Tuttle Capital Management (T-REX) announced a new product for their trading ETF lineup.
The firms stated that options are now available exclusively for their T-REX ETFs. This includes the T-REX 2X Long Bitcoin Daily Target ETF (BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (BTCZ) for sophisticated traders. In the firm’s opinion, this exclusive offering affords Bitcoin investors the avenue to engage in the market with greater flexibility and strategic depth.
Noteworthy, both ETFs are targeted at investors who are interested in Bitcoin but they cater to different needs. The BTCL focuses on traders that are quite optimistic about Bitcoin, provided with an opportunity to boost their daily return. On the other hand, BTCZ are for those traders who seek profit from a plunge in Bitcoin price. This enables sophisticated strategies in both rising and falling markets.
Additionally, President of ETFStore Nate Geraci pointed to the fact that the offering was in no way connected to spot Bitcoin ETF.
In a note to its community, REX Shares and Tuttle Capital Management highlighted that it expects a surge in interest from its trading community.
“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.”
SEC Remains Silent on Spot Bitcoin ETF Options Trading
Meanwhile, several spot Bitcoin ETF issuers have been seeking the SEC’s approval for spot Bitcoin ETF options for a very long time.
