CandleFocus How Will the Approval of Bitcoin ETF Options Affect BTC Price? Here are the Predictions
2024-11-20
Author: Content Editor
The introduction of options for the iShares Bitcoin Trust product is expected to decrease Bitcoin's volatility and attract a wider range of investors, according to Alex Thorn of Galaxy Digital. Thorn believes that as Bitcoin becomes more widely held, volatility will decrease, and options will help reduce volatility even further. The availability of options could change the perception of Bitcoin from a high-risk speculative asset to one with broader, fundamental uses. The launch of Bitcoin ETF options by Nasdaq is expected to provide institutions with better hedging tools and increase liquidity in the market. However, Thorn warns that the crypto industry will need to address the involvement of traditional finance firms entering the space. Despite Bitcoin's remarkable performance this year, Thorn believes that the introduction of options will create a more balanced market in the long term.
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