Author: Ruige Finance
The U.S. Securities and Exchange Commission (SEC) has approved options trading for BlackRock's spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT).
This approval opens a new chapter for investors seeking to manage their Bitcoin investments through advanced financial tools.
This move allows physical settlement options on IBIT, further integrating Bitcoin into traditional financial markets. This new tool will enable investors to hedge their positions or expand returns associated with Bitcoin price fluctuations.
The SEC's approval is accompanied by strict supervision and position limits to reduce the risks posed by Bitcoin volatility. Approved options will face conservative position and exercise limits, capped at 25,000 contracts. This measure is designed to minimize the possibility of market manipulation while ensuring a stable trading environment for investors.
This is a big win for the Bitcoin ETF as it will bring in more liquidity and attract larger institutional players. I put the chance of the ETF being approved at 70% by the end of May, so this is a welcome development.
This approval will "open the door for other Bitcoin ETFs to follow suit, creating a snowball effect in the market." However, while the SEC's approval is a crucial step, "further approvals from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC) are still required before trading can officially begin."
Each cycle generally consists of four main phases: accumulation, uptrend, distribution, and downtrend. Each phase has its own unique characteristics that influence market behavior and shape investment strategies
We are about to enter an uptrend phase, driven by several key factors
The upcoming US election
Rate cuts
Global ETF adoption
FTX spending
Historically, the fourth quarter has always been the best time for cryptocurrencies, and there is a good chance that we will see a similar trend this year.
The market did not fluctuate much over the weekend, and it will take 2 days to repair here, and wait for the direction on Monday. Currently, BTC fell back after hitting a high of 64,000 US dollars. After the opening of the US stock market in the evening, it directly fell below 63,000. At 2 am, it received support and rebounded near 62,350. The current market is consolidating around 63,000.
The bull market basically rises every day for no reason, rising every day, rising and rising, and the market sentiment of the contract position rises every day, and then suddenly one day there is a flash crash of -5%, and then it continues to pull back and rise, and then the currency price reaches a new high in the month, and then it rises and rises and flashes again -7% and then continues to take it back. Every flash crash is an opportunity.
Every time you buy the bottom of a flash crash, and then get a new high in a large band, you can earn 5-8% points. The bull market has many flash crashes. Of course, you can also buy in at the end of September and hold on until the end of October. October is the last carnival of this year, and everything has just begun.
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