K33 Research: Traders Still Waiting for NYSE and Nasdaq to Launch Spot Bitcoin ETF Options
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2024-11-26 10:02:01 6,242
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Golden Finance reported that Vetle Lunde, research director of K33 Research, said in an interview with CNBC that futures open interest on the Chicago Mercantile Exchange Derivatives Exchange hit a record high, which is how most U.S. institutions currently purchase Bitcoin futures contracts. But many traders have been waiting for spot Bitcoin ETF options on major exchanges such as the New York Stock Exchange and Nasdaq because it can enhance liquidity and provide hedging tools. Vetle Lunde added that demand for leveraged long exposure to Bitcoin and Ethereum is rising, with VolatilityShares’ BTC exposure previously hitting a record high.