The U.S. Securities and Exchange Commission has approved the listing of options on BlackRock’s spot Bitcoin ETF.
Bitwise Head of Alpha Strategies @dgt10011 wrote up his view on why options on Bitcoin ETFs are a major unlock.
Once options trading is live, next milestone for spot btc ETFs will be in-kind creation & redemption.
The approval of options on Blackrock's Bitcoin ETF will bring more institutional adoption of the asset, which will lower volatility & limit explosive upside of bitcoin.