In short, there will be the following changes after this approval:
1. US stock market: When encountering black swan events or panic, investors can choose to buy put options for hedging instead of selling ETFs directly. This will enhance market liquidity and reduce selling pressure.
2. Crypto market: This is an important progress, equivalent to the launch of contract trading by exchanges. Now Bitcoin can be traded long and short in regulated markets, which improves hedging methods.
3. Reduced market complexity: Currently, Deribit transactions are complex and not widely used, and CME futures require more active management. The new regulated market will greatly increase liquidity, increase Bitcoin's synthetic nominal exposure, and thus amplify leverage and liquidity.
4. Future ETF development: After this launch, the approval of 2x and 3x long BTC ETFs will be accelerated. If#ETHalso launches similar derivative ETFs, I will also reconsider my views on #ETH.
5. Volatility suppression: Affected by the regulated market, BTC's large fluctuations may be reduced, and investors no longer need to worry too much about the risk of market collapse.
