As a seasoned crypto investor with over a decade of experience navigating the digital asset landscape, I can confidently say that the recent development of BlackRock’s Bitcoin ETF options debut on Nasdaq feels like a watershed moment for the industry.
Analysts at QCP Capital predict that the introduction of BlackRock’s Bitcoin ETF on Nasdaq will attract a fresh “surge of institutional investors” to the cryptocurrency market.
Analysts at QCP Capital in Singapore suggest that the availability of options on the iShares Bitcoin Trust might draw in a fresh wave of institutional investors, who aim to earn returns from their long-term investments in spot ETF holdings.
In a blog post published on November 19th, analysts predict that the arrival of IBIT options might attract numerous wealthy investors. This increase in investment could result in a decrease in estimated volatility, or what is often referred to as “further compression of implied volatility.
This advancement has the potential to draw in a fresh influx of institutional investors, as they seek investment opportunities beyond their usual avenues due to limitations in directly investing in native cryptocurrency derivatives markets such as Deribit.
QCP Capital
QCP Capital characterized the Nasdaq listing as a significant achievement for the Bitcoin (BTC) futures market, noting that derivatives can surpass the value of their base asset by a factor of 10 to 20.
Bitcoin seeks foundation for further growth
Analysts have pointed out that the recent progression reflects an expanding trend among investors to use conventional assets as a means of gaining exposure to Bitcoin, with MicroStrategy experiencing a significant rise in institutional ownership during Q3. This surge was further highlighted by Vanguard’s substantial increase in its stake in MicroStrategy by 10 times, indicating increased institutional interest in Bitcoin-related investments.
The current consistency of Bitcoin’s price around $90,000 might pave the way for additional growth, according to analysts, who highlighted that the December $100,000 strike has a significant amount of ongoing contracts (open interest). At this moment, Bitcoin is being traded at $92,335, and there’s growing activity in both the spot market and derivatives markets.
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2024-11-20 10:16