BlackRock’s Bitcoin ETF options get SEC nod – Here’s all you need to know
The post BlackRock’s Bitcoin ETF options get SEC nod – Here’s all you need to know appeared on BitcoinEthereumNews.com.
Journalist Posted: September 25, 2024 BlackRock’s Bitcoin ETF approval signaled a new era for cryptocurrency investment options. Increased liquidity from Bitcoin ETFs could drive investment into memecoins and NFTs. In recent days, significant attention was drawn to the U.S. Securities and Exchange Commission’s (SEC) approval of BlackRock’s proposal to list and trade options for its spot Bitcoin [BTC] ETF, IBIT. Approved on the 20th of September, the SEC fast-tracked the decision, granting the world’s largest asset manager the green light to list these options. Source: www.sec.gov The approval allowed the options to be traded on the Nasdaq ISE, LLC, marking a major milestone in BlackRock’s BTC-related initiatives. This signaled a new chapter for cryptocurrency investment options. Exec’s nuanced view Highlighting why BlackRock’s Bitcoin ETF stands out as the top choice, Joshua Lim, co-founder of Arbelos Markets, shared insights in a recent X thread. Lim pointed out several key factors that make Blackrock’s BTC ETF the best bet in the current market. He said, “BTC is a digital-native asset by definition, it’s a lot easier to financialize it and move it around for trade settlements than other commods. IBIT and the other ETFs have increased velocity making certain otherwise cold-storage-bound BTC available for liquid trading.” Expanding on his argument, Lim emphasized that prime brokers providing margin lending in USD against BTC collateral could substantially boost the cash supply within the crypto market. This increased liquidity, he suggests, would likely find its way into riskier segments of the ecosystem, with capital moving from spot bitcoin ETFs into speculative assets such as memecoins and NFTs. Lim believes this shift could stimulate further investment in these alternative assets, reshaping the broader crypto landscape. He also added, “Options markets on IBIT (and market-maker willingness to bear the risk) will make it easier to price the…
Filed under: News - @ September 25, 2024 1:21 pm