Nasdaq is set to launch options on BlackRock’s Bitcoin exchange-traded fund on Tuesday.
Cryptocurrency traders have been wondering when they’ll be allowed to trade options on so-called spot bitcoin exchange-traded funds since the funds launched in January. The answer came Monday via Nasdaq and Options Clearing Corp.
Options are contracts that allow investors to buy or sell stocks or ETFs at a specific price, by a specific expiration date. Part of their appeal is that they can be used to place leveraged bets on asset prices, allowing for huge gains or huge losses.
BlackRock’s iShares Bitcoin Trust is the most successful of the nearly two dozen exchange-traded funds launched this year. The fund, which has attracted about $29 billion in new money, now manages $43 billion in assets as the world’s largest bitcoin fund.
This item is part of live coverage of a Wall Street Journal event.
according to:
Dow Jones Newswires
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