đ Big news in the crypto world! The SEC has approved physically settled options for BlackRockâs spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). This could be a game-changer for the market! đ
Before hitting the market, these options need the green light from the OCC and CFTC. Experts are buzzing about the potential for a gamma squeeze, similar to the GameStop frenzy of 2021. This could lead to rapid Bitcoin price increases as market makers buy more to hedge their positions.
Institutional demand is expected to surge, offering a regulated way to gain Bitcoin exposure. With Bitcoin's fixed supply, this could drive significant price movements. Exciting times ahead! đ
