Odaily Planet Daily reports that QCP Capital has released a research report stating that Nasdaq will begin listing options for the BlackRock Bitcoin Spot ETF (stock code: IBIT) today. This marks a significant milestone for the Bitcoin derivatives market, as derivatives for traditional assets often grow to 10-20 times the market capitalization of their underlying markets. This development is expected to attract a new wave of institutional investors who face restrictions in entering local cryptocurrency options markets (such as Deribit). These investors may focus on generating returns from their long positions in the spot ETF, which could lead to further compression of implied volatility. This reflects the trend of institutions using MicroStrategy as a proxy for Bitcoin exposure. The third-quarter 13F filings show that the number of institutional holders of MicroStrategy surged from 667 to 738, with Vanguard increasing its holdings by nearly 16 million shares, a rise of up to 1000%. Amid all these positive factors, Goldman Sachs also plans to spin off its digital asset platform, further highlighting the increasing integration of cryptocurrency with traditional finance. We believe this can provide the necessary foundation for BTC to rise.

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