NASDAQbegan listing options on BlackRock'siShares Bitcoin Trust(NASDAQ:IBIT) today, a move that is expected to revolutionize how institutional investors engage withBitcoin(CRYPTO: BTC), providing them with a regulated and accessible avenue to hedge positions and generate yield.
What Happened:According toEric Balchunas, Senior ETF Analyst at Bloomberg, options volume for IBIT exceeded several hundred million by mid-day, with most of them betting on rising Bitcoin prices.
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