Deep Tide TechFlow News, on November 20, according to the latest report released by QCP, BlackRock's Bitcoin Spot ETF (IBIT) performed strongly in the options market, with the first-hour trading volume reaching 73,000 contracts, and the call-to-put ratio at 4.4:1. IBIT has entered the top 20 most active non-index options, indicating increased institutional confidence in Bitcoin as a mainstream asset class. This market reaction could attract a new group of investors and support diversified trading strategies, helping to reduce volatility and downside risk, solidifying Bitcoin's position in the mainstream market.
In addition, Trump's cabinet nominations have drawn attention, particularly the appointment of Elon Musk, who is friendly to cryptocurrencies, to lead the newly established Department of Government Efficiency (DOGE), as well as the nomination of Bitcoin supporter Peter Hegseth as Secretary of Defense. With the Republican Party controlling the Senate, most nominations are expected to pass confirmation smoothly. Trump plans to finalize his cabinet choices before Thanksgiving, highlighting the new government's alignment with the growing influence of digital assets in policy and finance.
