What does the SEC's option approval mean in Bitcoin?

The US Securities and Exchange Commission (SEC) has officially approved the expected but highly delayed options since January, when spot Bitcoin ETFs were approved. What does this approval mean?

The U.S. Securities and Exchange Commission (SEC) has allowed BlackRock to list and sell options based on the spot Bitcoin ETF.

The upward movement in Bitcoin drew attention. The number one cryptocurrency, which was traded from 62 thousand 800 dollars, rose to 63 thousand 300 dollars.

So what does the SEC's approval mean?

First, it is necessary to start with what the options are. Options contracts are a financial product that gives the buyer the right to buy or sell a particular asset (in this case Bitcoin) on a specific date in the future and at a predetermined price. Options give traders a wider range of opportunities to hedge, profit from market movements, and speculate.

Saylor: It will accelerate corporate adoption

Making an evaluation following the approval, Michael Saylor, chairman of the board of directors of MicroStrategy, welcomed the options very positively. "Approval to options based on the BlackRock spot Bitcoin ETF will accelerate the adoption of Bitcoin by more institutional investors," Saylor said.

“It will strengthen ecosystem and liquidity”

ETF expert Nate Geraci emphasizes that options will provide a net benefit to investors, strengthen the spot ETF ecosystem in Bitcoin, improve liquidity and price discovery (finding the real price).