The SEC’s approval of options on BlackRock’s Bitcoin ETF could drive more liquidity and innovation in cryptocurrency financial products.
BlackRock’s updated custodial agreement with Coinbase ensures faster withdrawals, enhancing trust among institutional investors.
Experts predict the SEC’s decision may trigger a wave of Bitcoin-related ETF filings, introducing new risk management strategies.
The U.S. Securities and Exchange Commission (SEC) has given the go-ahead for options on the BlackRock Bitcoin Exchange Traded Fund (ETF). Sasha Hodder, a cryptocurrency lawyer, announced the news, highlighting the positive potential of regulated leverage on a supply-constrained commodity like Bitcoin.
The SEC approved options on the BlackRock Bitcoin ETF.
This is the first time the financial world will see regulated leverage on a supposedly supply constrained commodity.
Bullish.
— Sasha Hodder (@sashahodler) September 23, 2024
Tony Edward, host of the Thinking Crypto Podcast, suggested that the approval could be due to increasing pressure on Coinbase and BlackRock. He pointed out that external factors may be driving the push for more accessible Bitcoin-related finan…
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