Analyst: The launch of Bitcoin ETF options may promote the emergence of new funds including related options
Strategas ETF strategist Todd Sohn said that the launch of Bitcoin ETF options could trigger the emergence of new funds for these options. He explained, "Grayscale has already applied for a covered call option fund, and I believe BlackRock will also apply. Then the relevant market will get a buffer, followed by any other trend-following strategies people can think of. I believe the ecosystem of crypto options will really start to develop rapidly here."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock CIO Dumps Stocks for High-Grade Bonds. Here’s Why
A HYPE whale transferred 266,600 tokens worth approximately $24.29 million to exchanges within three days.
Former senior official of the Bank of Japan predicts that a rate hike in October is "a real possibility," with a very low probability of postponement until next year
A former executive director in charge of monetary policy at the Bank of Japan stated that the Bank of Japan may raise its benchmark interest rate for the second consecutive month at the October policy meeting, which would be earlier than most economists expect.
Falling Oil Could Trigger a 10% Stock Market Rally, Says Wall Street Strategist