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Traders Are Still Waiting for Spot Bitcoin ETF Options from NYSE and Nasdaq

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Vetle Lunde, Head of Research at K33 Research, stated in an interview with CNBC that open interest in futures contracts on the Chicago Mercantile Exchange (CME) Derivatives Exchange has reached an all-time high. This reflects the primary method by which most U.S. institutions currently purchase Bitcoin futures contracts. However, many traders have been eagerly awaiting spot Bitcoin ETF options from major exchanges like the New York Stock Exchange (NYSE) and Nasdaq. According to Lunde, these options could enhance liquidity and provide vital hedging tools.

He further noted that demand for leveraged long exposure to Bitcoin and Ether is climbing, with VolatilityShares’ BTC exposure also hitting record highs previously.

Disclaimer: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.

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