
Bitcoin analysts and traders have long dreamed of a $100,000 BTC price, but what would the achievement mean for derivatives markets?
Bitcoin’s (BTC) potential climb to the $100,000 price level has captivated investors for years. While retail participants often celebrate such psychological milestones, the key impact should come from institutional adoption and advancements in the Bitcoin derivatives markets.
Bitcoin futures aggregate open interest, BTC. Source: CoinGlass
Futures open interest on Bitcoin presently totals 626,520 BTC ($58 billion), a 15% increase in two months, signaling growing interest in derivatives. If Bitcoin reaches $100,000, this open interest would hit $62.5 billion, representing 3.1% of its $2 trillion market cap. This contrasts with the S&P 500, where $817 billion in futures open interest equals only 1.9% of its $43 trillion market cap.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
United States regulators are reviewing a request to list the first options tied to spot Ether (ETH) exchange-traded funds (ETFs) on NYSE American’s securities exchange, according to a Nov. 8 filing.
If approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust that holds Ether,” the filing said.
The SEC’s decision is the latest sign the agency may be softening its stance on cryptocurrency products, particularly after crypto-friendly Donald Trump’s Nov. 5 presidential election win.
The U.S. Securities and Exchange Commission (SEC) is greenlighting Bitcoin (BTC) options exchange-traded funds (ETFs) for two major US exchanges. In separate statements, the regulatory agency says it’s approving the bids from the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (CBOE) to list options contracts for BTC-based ETFs. According to the […]
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The securities regulator authorized Bitcoin options to list on BlackRock's spot BTC ETF in September.
The United States Securities and Exchange Commission (SEC) has once again postponed ruling on whether an exchange can list options tied to spot Ether (ETH) exchange-traded funds (ETFs), according to an Oct. 11 filing.
The SEC has delayed deciding on a proposed rule change permitting Cboe Exchange to list options tied to several popular spot ETH funds, the filing said.
The deadline for a ruling from the agency has been pushed back from Oct. 19 to Dec. 3, according to the filing.
Solana ETF approvals are extremely unlikely this year, though VanEck’s head of digital assets, continues to believe in them.
United States Solana exchange-traded funds (ETFs) have a “near-zero” chance of getting greenlit under the current administration after the regulator reportedly rejected a filing necessary for their approval.
“A snowball’s chance in hell of approval unless there’s a change in leadership,” said Bloomberg ETF analyst Eric Balchunas in an X post on Aug. 20.
Only days earlier on Aug. 16, reports emerged that Cboe had removed the 19b-4 filings for two prospective Solana ETFs from its website’s “Pending Rule Changes” page.