#bitcoin☀️ ETFs have already attracted billions of dollars on Wall Street this year. However, analysts suggest that a new wave of institutional interest may arise as options are introduced to these products following recent regulatory approvals.
On Friday, the Securities and Exchange Commission (SEC) approved the listing and trading of options on 11 spot bitcoin ETFs. Most of these products were approved in January, with their cumulative net inflows surpassing $20 billion last week.
Approval of Bitcoin ETF Options
Among the products listed on the New York Stock Exchange (NYSE) are the Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. On Cboe, approved funds include WisdomTree Bitcoin Fund, Franklin Bitcoin ETF, and VanEck Bitcoin Trust.
According to Matt Hougan, Chief Information Officer at Bitwise, options allow institutional players easier, cheaper, and more efficient access to the bitcoin market. Options, as financial derivatives, give investors the right to buy or sell an asset at a specific price within a given timeframe.
"Every step that brings bitcoin closer to functioning like traditional assets is a long-term win," Hougan said. "This is just another brick in the wall of bitcoin normalization, and we should be happy about that."
Difference Between Futures and Options
Although bitcoin futures were introduced on the Chicago Mercantile Exchange (CME) in 2017, options offer different possibilities. While futures require the buyer to purchase the underlying asset at a specified date, options give buyers the right, but not the obligation, to buy the asset.
Juan Leon, Senior Investment Strategist at Bitwise, said that options are a more capital-efficient and simpler way for institutional investors to gain exposure to bitcoin than futures-based positions.
Impact of Options on Liquidity and Volatility
BlackRock's spot #BitcoinETF💰💰💰 , with a market capitalization of $26 billion, received similar SEC approval for options at the end of last month. Generally, options lead to increased trading activity, which contributes to better price discovery and increased liquidity.
However, options could also lead to higher volatility, particularly when contracts expire. Leon explained that large concentrated positions at certain price points during expiration could cause liquidation spikes and increased volatility.
Regulatory Steps and Progress
The approval of options by the SEC is not just about market dynamics, but also a significant indicator of regulatory progress, according to Krista Lynch from Grayscale. However, Lynch pointed out that SEC approval does not mean that options will start trading immediately, as there are additional regulatory steps to follow.
One such step is the involvement of the Options Clearing Corporation and further approval from the Commodities Futures Trading Commission (CFTC).
Expectations by Year-End
Bitcoin firm NYDIG recently stated that options trading on bitcoin ETFs, including IBIT, should begin by the end of the year. NYDIG also acknowledged that regulatory processes could take longer but expects the CFTC to view the bitcoin market differently than other asset markets, such as platinum or palladium, where options for ETFs faced issues in 2010.
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In the fast-paced world of cryptocurrency, everyone is searching for that next big opportunity. XRP, one of the top digital currencies, has captured the attention of many investors. But the big question remains: can simply owning 1,000 XRP turn you into a millionaire? Let’s break down the reality and see if this dream is within reach!
What is XRP & Why Should You Care?
Created by Ripple Labs, XRP isn’t just another cryptocurrency; it’s a game-changer in the world of finance. Designed to make cross-border payments faster and cheaper, XRP is gaining traction among financial institutions looking to streamline transactions. It’s not just a store of value—it’s a powerful bridge for global payments. This unique utility is why many believe XRP has the potential to explode in value.
Current Value of XRP: The Starting Point
As of today, if XRP is priced around $0.50, acquiring 1,000 tokens would cost you about $500. If the price of XRP climbs to $10, that same investment would skyrocket to $10,000! However, to transform your 1,000 XRP into a million-dollar fortune, the price would need to surge to levels we’ve yet to witness.
🚀 How High Would XRP Have to Go?
To join the ranks of billionaires like Elon Musk or Bernard Arnault, your 1,000 XRP would need to hit hundreds of dollars per token—a monumental leap from current prices. This would require a significant shift in XRP’s adoption and use globally. While it’s not impossible, it’s certainly not something you can rely on happening overnight.
What Can We Learn from XRP’s History?
XRP’s journey has seen some thrilling highs and painful lows. In 2017, it soared to nearly $3.84, proving that massive growth can occur. However, those spikes were largely driven by market speculation and external factors. Volatility is a hallmark of XRP’s history, reminding us that past performance does not guarantee future results.
Key Factors That Could Boost XRP’s Price
1. Regulatory Clarity: The ongoing legal battle with the SEC holds significant implications. A favorable ruling could propel XRP’s price to new heights.
2. Bank Adoption: Ripple’s partnerships with financial institutions can drive demand for XRP, potentially leading to price increases.
3. Market Trends: Like all cryptocurrencies, XRP’s price is heavily influenced by investor sentiment. A bullish market could pave the way for substantial gains.
Crypto’s Risks: Why You Need to Be Careful
While the crypto market is filled with potential, it’s also highly volatile. Prices can fluctuate dramatically, and risks like regulatory changes and security breaches are always looming. Investing in XRP—or any cryptocurrency—requires a readiness to navigate the ups and downs.
Bottom Line: Is 1,000 XRP Your Ticket to Wealth?
Owning 1,000 XRP might yield strong returns, but it’s unlikely to make you the richest person in the world overnight. The world of crypto presents great opportunities, but it comes with its share of risks. To succeed, consider diversifying your investments, staying informed, and investing wisely. While XRP has its potential, don’t bet your entire future on it. Be smart, be patient, and always keep learning!
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Crypto remains bearish despite Ethereum’s low gas fees and Cardano’s record holders, with growing interest in Intel Markets.
Although the crypto market has been going through a bearish stint, several top cryptos have witnessed significant developments in recent times. The gas fees of Ethereum have dropped to multi-year lows, while Cardano long-term holders have surged to a new all-time high.
However, despite these achievements, both cryptos continue to struggle with bearish pressure, leading to a shift in interest towards Intel Markets.
Ethereum gas fees drop, but price remains in downtrend
Ethereum, the world’s second-largest crypto, has experienced a shift as gas fees plummet to their lowest levels in five years. Gas fees on the Ethereum blockchain reached under 1 gwei (approximately $0.04). A sluggish market, increased adoption of layer-2 solutions, and recent network upgrades are responsible for the drastic drop.
While the reduction is a good sign, there are concerns over the reduced token burning and increased supply of ETH. Also, the Ethereum price chart is flashing bearish signals. ETH faced heavy resistance near the $2,750 level and has been consolidating around the $2,600 level.
Also, the market cap of Ethereum has been ranging between $275 billion and $330 billion for most of August. If ETH stays below the 30-day simple moving average ($2,820), the Ethereum price USD could fall further. Only a break above the 30-day SMA could lead to a recovery of $3,000.
Long-term holders reach all-time high, but bears persist
According to data from the Balance by Time Held, the number of long-term Cardano (ADA) holders has skyrocketed to an all-time high of 3.2 million. Long-term holders are those who have held on to the ADA in their Cardano wallets for at least one year.
Historically, the holder numbers increase as the bull market progresses. While this data suggests that a price increase is around the corner for Cardano, ADA remains within a descending channel. Because of this, the market cap of Cardano has dropped from $16.1 billion to $12.6 billion in 30 days.
For ADA to break out of this descending channel, the Cardano price must reclaim the 50-day ($0.3763) and 100-day ($0.4059) simple moving averages (ADA). The bullish Cardano news that can inspire this rally is the coming Chang Upgrade scheduled for late August.

Investors move to Intel Markets as presale gains momentum
While most of the crypto market is struggling, the presale of Intel Markets (INTL) has been gaining a lot of traction. In just a few days of its presale, Intel Markets has raised over $125,000, as investors consider it the future of the crypto trading space. There is much hype about Intel Markets because it is an AI-powered trading platform with a dual-chain architecture. 
Intel Markets provides traders with flexibility and scalability like no other platform, as it is built on both Ethereum and Solana. The platform has unique AI tools to empower regular crypto traders to become the top 1% of profitable traders. The platform’s flagship trading bot has a proven history of profitable performance tracked for over 1,200 traders.
Intel Markets users can also use the copy trading feature to follow the trades of other successful traders. Because of these exciting features, there have been a lot of users joining the presale, buying the native INTL token at $0.009.
Is Intel Markets more profitable than Ethereum and Cardano?
While ETH and ADA have failed to impress despite reaching new milestones, investors are shifting their interest toward Intel Markets. Based on the forecasts of market experts, the INTL coin will leverage the growing popularity of its trading platform and could trade as high as $0.10 before the year ends.

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