What does the accelerated passage of Bitcoin ETF options mean? It means that all excellent cryptocurrency traders have officially become the counterparties of Wall Street hedge institutions...
1. Promote more risk hedging institutions on Wall Street to join the Bitcoin liquidity pool and provide sufficient liquidity for Bitcoin.
2. After the passage of Bitcoin ETF, Wall Street has long equated Bitcoin with safe-haven assets as "digital gold". With the listing of Bitcoin ETF options on the New York Stock Exchange, Bitcoin's originally shallow trading pool will deepen and thicken, and the violent fluctuations in the past will be alleviated. This is a test for the original long and short whales.
3. The strategies of Wall Street risk hedging institutions have become diversified, and the game of sufficient cash for formal institutions will become normalized. There are more ways to arbitrage, and the transparency of Bitcoin market transactions will also increase accordingly.
4. With the liquidity of funds brought by Bitcoin ETF options, more people will be unwilling to give up their chips to further push up prices.
5. Promote Bitcoin to the mainstream asset market. This may be an important reason why they have been absorbing Bitcoin in the past two weeks. It is unreasonable. I don't believe it without inside information. In the past two weeks, they have increased their holdings by hundreds of millions every day.
I'll tell you a news on Friday that Bitcoin ETF options have been accelerated. The Americans are still quite thoughtful. From now on, you will be the opponents of Wall Street hedge funds.
When these people are happy, they will come to play with copycats, so copycats still have a chance. Especially BlackRock recently released news that it has been negotiating with Binance and OK about its own national debt tokenization project. This big brother can carry and fight, and we just need to follow him and drink some soup...
