Last month, the U.S. Securities and Exchange Commission (SEC) gave the nod for trading options on BlackRock Bitcoin ETF. However, in his recent interview, Bitwise Head of Alpha Strategies Jeff Park said that options on the BTC ETFs could trigger heightened volatility and thus a Bitcoin super cycle.
Bitcoin ETF Options Can Bring Heightened Volatility
The launch of spot Bitcoin ETFs has been highly successful as the instrument netter nearly $60 billion in AUM just within the first nine months of launch. This puts the BTC ETFs among the most successful ETF launches on Wall Street.
The approval of the options for the spot Bitcoin ETFs would bring volatility down in what many people believed. However, Jeff Park bursts the common notion stating that it could rather lead to an instance super cycle for Bitcoin moving ahead.
During his recent interview with Anthony Pompliano, Jeff Park highlighted the potential of cross-collateralization in the crypto space. The Bitwise executive emphasized the
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