Odaily Planet Daily News: Alex Thorn, research director at Galaxy Digital, stated that the option listing of BlackRock IBIT, which has a scale of $43 billion, may reduce volatility and increase the Bitcoin investor base.
Thorn said in an interview on Tuesday, "Over time, as it becomes more widely held, volatility will decrease, and options will help suppress volatility. As volatility decreases, people can hold larger positions
NASDAQ began offering options trading for ETFs for the first time on Tuesday. Thorn stated that if volatility decreases, more investors will view Bitcoin as a fundamental use case rather than just a high-risk bet.
He said that options will allow institutions to hedge against Bitcoin more and increase liquidity, while also affecting retail trading during bull markets. He added that the cryptocurrency industry must also figure out how to maintain control in the face of traditional finance entering the field. (Bloomberg)
