The US Securities and Exchange Commission (SEC) approves options trading for BlackRock's IBIT, improving liquidity and attracting institutional interest.
The SEC postpones its decision on Ethereum ETF options, causing a delay in their approval process.
Analysts predict a potential gamma squeeze for Bitcoin ETFs, similar to the GameStop short squeeze, due to the options approval and increased call option purchases.
The Bitcoin derivatives market shows growth potential but remains significantly smaller than traditional markets, with the Ethereum options market being three times smaller than Bitcoin's.