Deep Tide TechFlow News, November 19, QCP Capital's latest analysis points out that NASDAQ has started trading options for the BlackRock Bitcoin Spot ETF (ticker: IBIT) today. The scale of the derivatives market for traditional assets is usually 10-20 times the market value of the underlying asset, and this move will bring significant opportunities to the Bitcoin derivatives market. Institutional investors may focus on generating returns from their long spot ETF positions, which could lead to further compression of implied volatility.
The third quarter 13F filings show that MicroStrategy's institutional holders increased from 667 to 738, with Vanguard increasing its holdings by nearly 16 million shares, a rise of 1000%. Meanwhile, Goldman Sachs is planning to divest its digital asset platform, further highlighting the integration of cryptocurrency with traditional finance. In the options market, the December $100,000 strike price still maintains the highest open interest. As spot prices stabilize above $90,000, the implied volatility butterfly spread has decreased by 1 point compared to last week, which may lay the foundation for further Bitcoin price increases.
