Odaily Planet Daily reported that today Nasdaq officially launched options trading for the BlackRock Bitcoin Spot ETF (code: IBIT), which is a significant event in the Bitcoin derivatives market! 🎉 The derivatives market for traditional assets typically can reach 10-20 times the market value of the underlying market, and this development may attract more institutional investors' attention.

These new players may utilize long-term spot ETF positions to generate profits, which could lead to further compression of implied volatility in the market. Meanwhile, MicroStrategy's trend as a proxy for Bitcoin exposure continues, with data from the third quarter showing a substantial increase in its institutional holders.

Additionally, Goldman Sachs plans to divest its digital asset platform, further demonstrating the integration of cryptocurrency with traditional finance. All these positive factors lay a solid foundation for the future development of Bitcoin. 🚀