#BTC Bitcoin options traders are already locking in profits even before the Wednesday deadline by which the US Securities and Exchange Commission must decide if it will allow an exchange-traded fund to directly hold the digital asset.
Market participants have seen a surge in the selling of short-term call option contracts over the last 24 hours. The put-to-call ratio for the contracts that will expire on Jan. 19 is now above 1 — much higher than two weeks ago, according to data compiled by Deribit, the largest crypto options exchange.
