Investors Optimistic Over Spot Bitcoin ETF Options Launch in US Today
- Spot Bitcoin ETF options may be listed and traded on Nasdaq as early as November 19.
- After the US Spot Bitcoin ETF’s success, this move has boosted market confidence.
As per industry executive Joe Consorti, more liquidity could attract a new wave of institutional and individual investors. Making the impending launch of spot Bitcoin exchange-traded fund options in the US a potentially monumental event.
According to a video published on X on November 19 by Consorti, head of growth at Bitcoin custody firm Theya, the first spot Bitcoin ETF options are scheduled to begin trading in the US on November 19. This marks the beginning of Bitcoin’s next phase in the financial markets. The investment vehicles, starting with the BlackRock iShares Bitcoin Trust (IBIT), will be launched by the Options Clearing Corporation (OCC) on November 18th.
Boosting Market Confidence
Price dynamics, volatility, and institutional adoption have entered a fresh era. Especially, with the availability of spot Bitcoin ETF options, particularly for the IBIT vehicle, according to Consorti. Spot Bitcoin ETF options may be listed and traded on Nasdaq as early as November 19. This is according to Alison Hennessy, head of ETP listings at the exchange.
In the financial derivative known as “spot Bitcoin ETF options,” investors are granted the right, but not the obligation, to purchase or sell shares in spot crypto ETFs at specified prices. While uploading Consorti’s video on X on November 19, Bloomberg’s senior ETF analyst Eric Balchunas said that this was a “BFD”.
After the US Spot Bitcoin ETF’s success and skyrocketing demand, this move has boosted market confidence. Following two days of outflow last week, amid brief recovery. The US Spot Bitcoin ETF saw an inflow of $254.8 million on November 18, according to data from Farside Investors.
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