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Bitcoin ETF options 'get wild' 🦁

Bitcoin ETF options 'get wild' 🦁

There's excitement around the approval of a regulated Bitcoin ETF options market—but analysts differ on just how bullish it could be for Bitcoin.

Stephen Graves
September 24, 2024

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📝 What you need to know

Analysts weighed in on Friday’s approval of a regulated options market for U.S. Bitcoin ETFs—and there’s some debate on whether it’s bullish news for Bitcoin.

While one Bitwise analyst predicted that “things will likely get wild,” as the financial world gains leverage opportunities on an asset with a truly fixed supply, others cautioned that options could “dampen down” Bitcoin volatility.

Elsewhere, Federal judges squared off with the SEC over whether the regulator should be obligated to clarify its rules around crypto, while reports suggested that crypto prediction market Polymarket is seeking $50 million in additional capital amid plans to launch a token.

Will Bitcoin ETF Options Send the Asset to the Moon?

While excitement online for the approval was palpable, there’s debate around just how bullish Bitcoin options could be.

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💬 Quote of the Day

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“You won't even tell us how the Howey Test applies to Bitcoin or Ether.”

- Judge Stephanos Bibas, to SEC attorney Ezekiel Hill

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