Galaxy Research Director: Bitcoin ETF Options Will Reduce Volatility and Increase BTC Investor Base

Odaily Planet Daily Report: Alex Thorn, head of research at Galaxy Digital, said that the listing of options, with a scale of $43 billion, by BlackRock may reduce volatility and increase the base of investors. Thorn said in an interview on Tuesday: "Over time, as it is more widely held, volatility will decrease, and options will help suppress volatility, and as volatility declines, people can hold larger position sizes." Nasdaq began providing options trading for ETFs for the first time on Tuesday. Thorn said that if volatility declines, more investors will view as a fundamental use case, not just a high-risk bet. He said options will allow institutions to hedge more on and increase liquidity, while also impacting retail trading when a bull market occurs. He added that the crypto industry must also figure out how to maintain control as traditional finance enters the field. (Bloomberg)