The Securities and Exchange Commission (SEC), just gave a green light to Bitcoin Options ETF that could be start to a whole new level of trading on products from Blackrock , Fidelity etc, to be traded on NYSE and BBOE Exchanges.
This means Blackrock alike products such IBIT could be hedged or speculated on NYSE AND BBOE. This products can lock on the price of Bitcoin paid in USD value without prejudice (risk) to the customers (Hedge) or can speculate, which is guessing that the Bitcoin price can skyrocket in a determined period of time and lock in profit paid in USD.
Both derivatives have their own risks and it's advised that people get on them to avoid losses.
Bitcoin Options ETF as financial derivatives product give the HODLers the right, but not the obligation, to buy or sell BTC at a specific price before or at a specific expiration date. Right now, the market just got another exciting financial instrument on the hottest market of the planet of the moment, the spot Bitcoin ETFs!
Don't sleep on this and lock on some BTC for yourself. Remember:
CONTENT IS KING! Be smart.
