QCP Capital: BlackRock IBIT options go live today, providing a basis for BTC to rise

Odaily Planet Daily Report: QCP Capital released a research report stating that Nasdaq will begin listing BlackRock's Bitcoin spot ETF options today. This marks a significant milestone in the Bitcoin derivatives market, as derivatives of traditional assets often grow to 10-20 times the market capitalization of the underlying market. This development is expected to attract a new wave of institutional investors who face restrictions in entering the local cryptocurrency options market (such as ). These investors may focus on generating returns from their long-term spot ETF holdings, which could lead to further compression of implied volatility. This reflects the trend of institutions using MicroStrategy as a proxy for exposure. The Q3 13F filings show that MicroStrategy's institutional holders have surged from 667 to 738, with Vanguard increasing its stake by nearly 16 million shares, a staggering 1000% increase. Amidst all these positive factors, Goldman Sachs also plans to spin off its digital asset platform, further highlighting the growing integration of cryptocurrencies and traditional finance. We believe this can provide the necessary foundation for to rise.