K33 Research: Traders are still waiting for the New York Stock Exchange and NASDAQ to launch spot Bitcoin ETF options
In an interview with CNBC, Vetle Lunde, Research Director at K33 Research, stated that the Chicago Mercantile Exchange's futures open interest has hit a historical high. This is currently the method most U.S. institutions use to purchase Bitcoin futures contracts. However, many traders have been waiting for spot Bitcoin ETF options from major exchanges such as the New York Stock Exchange and Nasdaq because they can enhance liquidity and provide hedging tools. Vetle Lunde added that market demand for leveraged long exposure to Bitcoin and Ethereum is on the rise, and VolatilityShares' BTC exposure has also previously reached a historic high.
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