Bitcoin ETF Options go live and help BTC to reach a new ATH!

Hi HODLers, Hiveans and Lions,

#bitcoin just reached another ATH today and it coincides with the launch of the Bitcoin ETF Option Trading!

Bitcoin (BTC) made new highs on Tuesday as Wall Street rolled out its latest product, almost guaranteed to increase the exposure of the digital currency among financial institutions: options trading on spot bitcoin exchange-traded funds (ETFs).

Bitcoin Price - $BTC

Options contracts allow investors to buy or sell an asset at a specific price and at a pre-determined time.

At the moment only 1of the 11U.S.-based spot bitcoin ETFs — BlackRock’s $IBIT — has options available, and the demand has been strong. This is quite positive!

A few hundred million $ of volume in day one is something rarely seen. Another first for the Crypto World!

This is very important for banks, investors as it allows to have a much more liquid market and to put some trading strategies in place via Call and Put Options.

Another great news for Bitcoin!

Source

Stay safe out there,

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