SEC Greenlights Options Trading For BlackRock's Spot Bitcoin ETF, Offering New Hedge For Institutional Investors
Portfolio Pulse from Navdeep Yadav
The SEC has approved options trading for BlackRock's spot Bitcoin ETF, listed under the ticker 'IBIT' on Nasdaq. This move allows institutional investors to hedge their Bitcoin exposure more efficiently, marking a significant step in cryptocurrency's mainstream acceptance.
September 21, 2024 | 5:34 am
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The SEC's approval of options trading for BlackRock's spot Bitcoin ETF is a significant development, potentially increasing institutional interest and trading volume in BlackRock's ETF offerings.
The approval of options trading for BlackRock's Bitcoin ETF could lead to increased institutional participation, enhancing the ETF's attractiveness and potentially driving up BlackRock's stock price.
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