Wall Street changed its approach to bitcoin in early January 2024 when spot bitcoin ETFs (BTC.X) began trading. This new trading method brought mainstream investors into cryptocurrency trading. A week ago, options for crypto products went live on major stock exchanges such as Nasdaq and NYSE. CBOE cash-settled bitcoin ETF options are expected to be listed early next month.
The cryptocurrency marketplace has seen small surges this past year. President-Elect Donald Trump made crypto part of his winning strategy for the latter part of his campaign. The entire cryptocurrency market surged to new levels after he won the November 2024 presidential elections. Bitcoin is trading at over $100,000, which can partly be attributed to the upcoming change in administration.
Early bitcoin holders could buy and hold cryptocurrency such as bitcoin. It remained a valuable but boring asset. Developers are building on the blockchain differently, making it a more interesting asset.
Wall Street has embraced the coin with exchange-traded fund wrappers. This enabled traders to hedge positions as well as to make leveraged bets.
On December 2, CBOE Global Markets will list its first bitcoin ETF options settled with cash. This will expand its exposure to both institutions and retail traders. This cash settlement will increase the asset’s liquidity and provide hedging tools.
Black Rock already launched its IBIT ETF options last week on the Nasdaq with an impressive debut.
All these new launches are making bitcoin and cryptocurrency a transformative market, attracting new and mainstream investors while shedding its niche position among select investors.
CWEB predicts that bitcoin could breach the $200,000 mark in the future and says that other crypto coins are also set to gain with these new listings on well-renowned stock exchanges in the nation. The US is the leading global market, and other countries could follow suit as they embrace cryptocurrency similar to the nation.
Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins, and Herbs. Become a WebFans Creator and Influencer. Check the New Special XMicro Razors for Men & Women, 1 Razor, 7 Blade Refills with German Stainless Steel, Lubricated with Vitamin E for Smooth Shave, Shields Against Irritation, Version X Men|Women
