QCP Capital has reported that Nasdaq will begin listing options on BlackRock Bitcoin Spot ETF (IBIT) today. This event is a major milestone for Bitcoin derivatives market, as derivatives of traditional assets often grow 10-20 times the market capitalization of underlying market. This development is expected to attract institutional investors who can’t access local cryptocurrency options markets.
It reflects a trend of institutions using MicroStrategy as a proxy for Bitcoin exposure. Goldman Sachs is also planning to spin off its digital asset platform, further integrating cryptocurrencies with traditional finance. This could provide the foundation needed for BTC to move higher.
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