A week ago, the U.S. SEC(Security Exchange and Commisions) approved options for BlackRock's spot BTC(Bitcoin) ETF 😮 The ticker of BlackRock's spot BTC ETF is IBIT and listed on Nasdaq.
What does it mean? 🤔 Generally, options are used for hedging investors' positions, and they have expiration dates. So, if expiration dates are coming, the volatility of underlying assets can increase such as qudruple witching.
Someone said the market manipulation of the BTC can increase. Because, options traders can buy or sell their underlying assets as expiration dates are coming close. Is a mega squeeze for BTC coming?
Upvoted! Thank you for supporting witness @jswit.
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More moon?
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