Bitcoin bulls look to profit from Friday’s $195M BTC options expiry
$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level.
Auto Added by WPeMatico
$810 million in BTC options expire this Friday, and derivatives data suggests bulls are keen to push the price through the $50,000 level.
Fidelity argues that Bitcoin markets have already reached maturity under the SEC’s own standards.
On Friday, Grayscale Investments, the world’s largest digital currency asset manager in terms of assets under management (AUM), revealed that three trusts have been filed with the Securities and Exchange…
Is a futures-based crypto exchange-traded fund really imminent, and if so why that, and not an ETF that takes direct ownership in Bitcoin?
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price.
Bloomberg analysts expect a BTC ETF approval in the next few months, and clever options traders might use this strategy to profit from the possibility.
“A launch could come as soon as October, and we believe the SEC should permit several at once to avoid handing out a first-mover advantage,” Bloomberg ETF analysts said.
No sign of an ETF launch approval in the U.S. as yet, with Europe soon to see a pioneering Bitcoin futures product.
Bitcoin's price finally recaptured the $50,000 level, but data shows that pro traders are somewhat skeptical for a variety of reasons.
It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days.