Bitcoin Price Action Faces Massive Upside As Q4 Beckons

Investment managers expect the United States debut of options on spot Bitcoin exchange-traded funds (ETFs) to accelerate institutional adoption and potentially unlock “extraordinary upside” for spot BTC holders. On Sept. 20, the US Securities and Exchange Commission (SEC) greenlighted Nasdaq’s electronic securities exchange to list options on BlackRock’s iShares Bitcoin Trust ETF (IBIT). This marked the first time the regulator approved options tied to spot BTC for US trading. Listing spot BTC options on regulated US exchanges—where the Options Clearing Corporation (OCC) safeguards traders against counterparty risk—marks a “monumental advancement” in cryptocurrency markets and creates “extremely compelling opportunities” for investors,

Source: CryptoIntelligence