According to ChainCatcher news, QCP Capital's latest analysis indicates that NASDAQ has started trading options for BlackRock's Bitcoin spot ETF (stock code: IBIT) today. The derivatives market size for traditional assets is typically 10-20 times the market value of the underlying asset, and this move will bring significant opportunities to the Bitcoin derivatives market. Institutional investors may focus on generating yields from their long-term spot ETF holdings, which could lead to further compression of implied volatility.
The third-quarter 13F filings show that MicroStrategy's institutional holders increased from 667 to 738, with Vanguard increasing its holdings by nearly 16 million shares, a growth of 1000%. Meanwhile, Goldman Sachs is planning to divest its digital asset platform, further highlighting the integration of cryptocurrency with traditional finance.
In the options market, the $100,000 strike price on December 10 still maintains the highest open interest. As the spot price stabilizes above $90,000, the implied volatility butterfly spread has decreased by 1 point compared to last week, which may lay the foundation for further Bitcoin increases.
