đđ Big news in the crypto world! Nasdaq and CME Group are getting ready to revolutionize the Bitcoin market with unprecedented trading options!
Nasdaq is taking a major leap forward with the launch of its first-ever Bitcoin index. This new index, called Nasdaq Bitcoin Index Options (XBTX), could transform the trading landscape $BTC by offering a regulated and secure platform. As John Black, Head of Index Options at Nasdaq, said:
âWe are creating a space where investors can confidently place their money in this innovative asset class.â
Meanwhile, CME Group, the worldâs largest futures exchange, is unveiling a smaller Bitcoin futures contract for retail investors. The move is aimed at attracting a broader audience, increasing liquidity and attention to Bitcoin, which could propel BTC prices to new highs.
Supporting this bullish outlook, reserves held by long-term Bitcoin holders have climbed by 262,000 BTC over the past 30 days, now representing 75% of the total supply.
The Bitcoin ETF market is also seeing positive net flows, with daily inflows of +3,179 BTC (approximately $195.65 million) and weekly inflows of +9,909 BTC. This trend could be reinforced by new products from Nasdaq and CME Group, supporting further BTC appreciation.
The Global Supply and Demand Ratio (GBAR) is also showing a positive signal, indicating an upward trend for Bitcoin trading liquidity.
Finally, stablecoin supply is hitting an all-time high in 2024, with a marked increase on Binance, which could propel BTC prices even higher as trading activity increases with these new offerings.
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