๐๐ New Bitcoin Instrument Launches on Nasdaq! ๐กโจ
BlackRock's iShares Bitcoin Trust ETF (IBIT) options are now live on Nasdaq! ๐ช๐ On their first trading day, they saw an impressive 73,000 contracts traded in just the first hour, making them one of the top 20 non-index options.
This marks another step in the evolution of the crypto market, especially following Donald Trumpโs pro-crypto stance and his election victory. ๐บ๐ธ๐
Experts believe these options could reduce volatility and broaden access, attracting more institutional players. ๐ผ๐ Todd Sohn from Strategas predicts this launch could pave the way for more funds incorporating Bitcoin ETF options.
Meanwhile, Bitcoin hit a new high, testing levels above $94,000. ๐๐ฐ
โ ๏ธ This post does not constitute investment advice.