cryptocurrency investors BlackRock He was waiting for the approval for other ETFs to come as well. The approval of the application, which allows option transactions for ETFs to be carried out on the NYSE, has been completed with the recent announcement. So what does this mean?
Bitcoin ETF Approvals
from january Spot BTC ETF approvals were given. We have previously seen that forward BTC ETF approvals were given at the end of 2021. Today, it was decided to approve option transactions for spot BTC ETFs. This will allow traders to take BTC ETF option positions on the NYSE exchange for various periods.
Large companies that want to hedge their positions or BTC Those who expect large increases/decreases in price will have the opportunity to make profits by trading options. This means that ETF volume increases further. At the same time, this decision, which increases the alternatives for large investment companies and accredited investors to transact more in cryptocurrencies, may also increase global interest.
Bitcoin 
$67,945 At the time of writing, its price is at $68,500 and CME positions are at their highest level in recent months. However, since the spot transaction volume on the stock exchanges continues to remain below 100 billion dollars, we cannot see the expected large-scale movements.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
