The first day of options trading on BlackRock’s Bitcoin exchange-traded fund (ETF) saw nearly $2 billion in notional exposure, analysts say. This is a groundbreaking development for Bitcoin’s market and indicates a shift in how institutional investors interact with the cryptocurrency. The launch of options tied to a Bitcoin ETF provides institutional players with tools to hedge risk, speculate on price movements, and manage their portfolios more effectively.
Analysts believe this could attract more institutional investors to Bitcoin. The options are a type of financial tool that gives investors the right but not the obligation to buy or sell an asset at a pre-agreed price within a specific timeframe.
Source
<p>The post IBIT Options Trading: New Era for Bitcoin Market. first appeared on CoinBuzzFeed.</p>
