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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Nov 19, 2024 04:05 UTC
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BlackRock’s Bitcoin ETF (IBIT) to Go Live Soon: What Crypto Investors Should Know
Nasdaq has confirmed the listing of options for BlackRock's Bitcoin ETF (IBIT).
The SEC, OCC, and CFTC have approved the listing of options for spot Bitcoin ETFs.
The launch of options for IBIT will further accelerate Bitcoin's mainstream adoption and trigger a price rally.
Bitcoin (BTC) is taking another major step toward mainstream adoption as institutional investors double down on the cryptocurrency. Adding to the momentum, Nasdaq’s Head of ETP Listings, Alison Hennessy, revealed that BlackRock’s Bitcoin ETF (IBIT) options are set to start trading as early as today.
“Our intent at Nasdaq is to list and trade these options as early as tomorrow. Getting these options listed on IBIT into the market I think will be very exciting for investors because that’s really what we have heard from them,”
Read on to uncover how this could be the next big chapter for Bitcoin.
Regulatory Approvals Clear the Way
BlackRock’s IBIT options have received full regulatory approval, including a nod from the Options Clearing Corporation (OCC). The Securities and Exchange Commission (SEC) had previously approved the listing of options for spot Bitcoin ETFs, while the Commodities Futures Trading Commission (CFTC) clarified last week that such options do not fall under its jurisdiction. This removed any final hurdles, paving the way for the OCC to give its approval.
These developments mark a critical step in integrating Bitcoin into the financial system with the support of regulators.
Read Bitcoin price prediction to discover how BlackRock’s Bitcoin ETF (IBIT) options could fuel the next big rally!
How BlackRock’s ETF Options Could Impact Bitcoin
The launch of BlackRock’s IBIT options is expected to bring new levels of liquidity and market activity to Bitcoin. Options markets are crucial in traditional finance, providing investors with tools for liquidity, price discovery, and risk management.
This launch could significantly boost Bitcoin’s presence in institutional portfolios and enhance its role as a mainstream asset.
Bitcoin’s Surge Since ETF Approvals
Bitcoin’s price has climbed significantly since the U.S. approved spot Bitcoin ETFs earlier this year. Assets under management (AUM) for these ETFs have surpassed $95 billion, with over $27 billion flowing in as fresh investments.
Analysts believe Bitcoin is primed for a rally beyond $100,000 in the coming weeks. Crypto expert Ali Martinez highlighted that Bitcoin must hold steady above $91,000 to confirm a push toward $138,000. Failure to maintain this level could result in resistance before further gains.
Will this milestone spark Bitcoin’s next major rally? All signs point to a bright future as the cryptocurrency continues to break new ground.
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