BlackRock's Bitcoin ETF Launch Sparks Market Anticipation
TL;DR Summary
BlackRock's iShares Bitcoin Trust options are set to begin trading tomorrow, marking a significant development in the cryptocurrency market. The Options Clearing Corporation has confirmed its readiness to clear and settle these options, following SEC and CFTC approvals. The iBIT Trust, which launched in January, has amassed $43 billion in assets and holds nearly 472,000 Bitcoin, reflecting strong institutional demand. This move comes amid a surge in Bitcoin ETF trading volumes, coinciding with Donald Trump's recent reelection as US president.
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