Bitcoin Surges as BlackRock ETF Options Trading Begins

BlackRock's iShares Bitcoin Trust ETF is set to begin options trading on Nasdaq, marking a significant step in integrating Bitcoin into traditional finance. This development is expected to expand Bitcoin's derivatives market, which is currently underdeveloped compared to equities and commodities. The introduction of options trading will allow institutional investors to hedge more effectively and could lead to increased market participation and reduced volatility. The move is seen as a major evolution for Bitcoin in financial markets.