The US SEC has approved options on BlackRock's Bitcoin ETF. American media reports.
Earlier, Bloomberg ETF analyst James Seyffarth predicted that this instrument would appear in the fourth quarter of this year. In early August, BlackRock and Nasdaq filed an application to launch options on the spot Ethereum ETF with the SEC.#ETHis next, since there is a precedent.
What does this mean for the crypto market?
Firstly, the introduction of options on the spot ETF allows investors to apply more complex trading and hedging strategies without owning the crypto asset itself. Which is rather a minus for us, because the appearance of the instrument will not increase demand for the assets themselves and will not raise their prices.
Secondly, this step can contribute to the further integration of BTC into traditional financial markets, strengthening the legitimacy of cryptocurrencies in the eyes of regulators and large financial institutions. Which, of course, is a plus.
Thirdly, such a move highlights the growing recognition and acceptance of the Bitcoin ETF. This could also open the door to other innovative financial products in the crypto sphere, strengthening the position of cryptocurrencies as a full-fledged asset class in financial markets. Which, again, is also a plus.
In total, there are more pluses.
