Bitcoin News
By Sakamoto Nashi
1 / 15
What Does the Options Limit Increase Mean?. The SEC's new rule affects all ETFs with options, giving traders and institutions significantly…
2 / 15
Volatility Down, Demand Up. Bitcoin’s volatility has already been declining over the past year, and this new development could…
3 / 15
Why BlackRock Benefits the Most. While all ETFs with options are affected by this rule change, BlackRock is in a prime position to…
4 / 15
Regulatory Approvals Could Reshape Market Access. Alongside the options limit change, the SEC also approved other ETF-related updates, including…
5 / 15
What’s Next for Bitcoin ETFs and Market Growth. With the SEC's latest updates, the infrastructure around Bitcoin ETFs is becoming more robust and…
6 / 15
BlackRock's iShares Bitcoin Trust (IBIT), already the largest Bitcoin ETF on the market, may be poised to widen its lead even further. The U.S.
7 / 15
Greg Cipolaro, Global Head of Research at NYDIG, stated that the change will likely enhance BlackRock’s already dominant position in the market. As of now, IBIT manages $85.
8 / 15
According to Cipolaro, “This change enables more aggressive implementation of options strategies.
9 / 15
By expanding the available contracts, the SEC is also smoothing out the volatility of Bitcoin prices.
10 / 15
Fidelity’s FBTC, the second-largest fund, might not benefit to the same degree. Cipolaro notes that this shift “hobbles FBTC’s position as the second-largest options player.
11 / 15
Alongside the options limit change, the SEC also approved other ETF-related updates, including “in-kind” creation and redemption of ETF shares.
12 / 15
This feature was something ETF issuers had been asking for long before the first Bitcoin ETFs were approved.
13 / 15
However, this also creates a competitive challenge. Only a few Authorized Participants (APs)—firms that create and redeem ETF shares—have the crypto infrastructure to manage…
14 / 15
Cipolaro expects other broker-dealers to either build or acquire crypto trading capabilities soon to remain competitive.
15 / 15
For BlackRock and its investors, this could lead to even more inflows and greater long-term adoption.
The Currency Analytics
Want the full story?