Bitcoin hits all-time high of $94.75 with launch of spot ETF options
Bitcoin has been on a roll in November and continues to set new records and peaks.
In the past few hours, Bitcoin has hit a new all-time high of $93,905 on Binance (while Coingecko says it has hit $94,000).
Bitcoin’s new all-time high comes after the launch of spot ETF options on the Nasdaq.
This move has generated significant interest in the market, providing investors with more flexibility and opening the door to higher levels of investment.
The majority of trading in these options has centered around call options, reflecting positive expectations for continued price increases.
Analysts believe the launch of ETF options is a significant development in the cryptocurrency market, enhancing the market structure and attracting institutional investors by providing more diverse and flexible investment tools.
This development reflects the growing trend towards adopting Bitcoin as a mainstream investment asset, as the market continues to attract more institutional capital and individual investors looking for growth opportunities.