📈【Bitcoin is experiencing explosive growth? BlackRock's spot ETF options trading approved】🚀

Recently, Jeff Park, head of strategy at Bitwise Alpha, said on the X platform that the SEC's approval of BlackRock's Bitcoin spot ETF options trading will trigger an explosive rise in Bitcoin! He believes that this event marks the greatest progress that the cryptocurrency market may have made.

For the first time, the notional value of Bitcoin will be "partially banked" through ETF options, which means that Bitcoin will have a regulated market and the U.S. Commodity Futures Trading Commission will protect clearing members from peer risk. Bitcoin's synthetic notional exposure can grow exponentially.

In addition, Bitcoin's unique volatility characteristics will also cause its price to rise rapidly when the spot price rises. A negative Vanna Gamma run will cause the price of Bitcoin to rise like a rocket, and short traders will be forced to continue buying at higher prices, bringing more gains.

Overall, the Bitcoin ETF options market is the first time the financial world has seen regulatory leverage on a truly supply-constrained perpetual commodity. While things may get crazy, what’s remarkable about Bitcoin is that there will always be a parallel, decentralized market that cannot be shut down, unlike stocks.