QCP Capital revealed that Nasdaq will soon begin trading options on the BlackRock Bitcoin Spot ETF, a significant development for the Bitcoin derivatives market. This is expected to attract a wave of institutional investors who were previously restricted from accessing local cryptocurrency options markets, such as Deribit.
These investors will likely focus on generating returns from their long-dated cash ETF holdings, potentially leading to a further decrease in implied volatility. This trend highlights the growing use of MicroStrategy as a proxy for Bitcoin exposure, with the number of institutional holders increasing from 667 to 738 in the third quarter 13F filing.
Additionally, Goldman Sachs plans to spin off its digital asset platform, further emphasizing the integration of cryptocurrencies with traditional finance. Overall, these developments could provide the foundation needed for Bitcoin to rise in value.
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<p>The post QCP Capital Says Nasdaq to List Options on BlackRock Bitcoin Spot ETF, Reflecting Growing Interest in Cryptocurrency Derivatives Market. first appeared on CoinBuzzFeed.</p>
