Bitcoin ETF Options Are Almost Here
With Bitcoin ETF options on the horizon, crypto analysts predict a significant impact on the market.
What’s the Scoop?
- Regulatory Green Light: The Commodity Futures Trading Commission (CFTC) announced Friday that it’s clearing the way for Bitcoin ETF options.
- Options Listings in Progress: The Options Clearing Corporation (OCC), responsible for clearing and settlement of options, futures, and securities lending, is preparing for these options to go live.
Bankless Take
The arrival of Bitcoin ETF options could mark a major milestone for TradFi crypto adoption. Until now, Bitcoin ETF investors could only go long on Bitcoin. But with options, they’ll gain the ability to hedge positions, potentially reducing their exposure to crypto’s infamous volatility.
And the momentum here doesn’t stop with Bitcoin. If BTC options gain traction, Ethereum ETF options could be next in line. This evolution in mainstream financial tools could make crypto investments more appealing to a broader range of investors.
Re bitcoin ETF options, now the OCC just posted a response to the CFTC's Friday approval saying they are "preparing" for the options to list etc. That's a wrap. Now it's just a matter of when not if. We will get the exact data as soon as we can.. h/t @DunkirkTrading https://t.co/PsVNssC1ge pic.twitter.com/uKYFe3oTzM
— Eric Balchunas (@EricBalchunas) November 18, 2024