Bitcoin ETF Options Could Smooth Volatility, Become Available On Robinhood Soon, Expert Says

Benzinga11-20 03:39

Alex Thorn, head of research at Galaxy Digital, on Tuesday emphasized the transformative potential of derivatives for the Bitcoin market, particularly with the launch of options on BlackRock’s iShares...

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class=\"title\">\nBitcoin ETF Options Could Smooth Volatility, Become Available On Robinhood Soon, Expert Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-20 03:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/11/42072663/bitcoin-etf-options-could-smooth-volatility-become-available-on-robinhood-soon-expert-says><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alex Thorn, head of research at Galaxy Digital, on Tuesday emphasized the transformative potential of derivatives for the Bitcoin market, particularly with the launch of options on BlackRock’s iShares...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/11/42072663/bitcoin-etf-options-could-smooth-volatility-become-available-on-robinhood-soon-expert-says\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BITO","symbol_name":"ProShares Bitcoin 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Highlighting the significant impact derivatives could have on Bitcoin BTC/USD liquidity and institutional participation, he said, “All other markets—commodities, equities—the derivatives markets are orders of magnitude larger than spot markets.\"\n\"You can imagine if we get into a bull market… those options could be really impactful,” he added.\nSpeaking with Bloomberg, Thorn pointed out that options provide institutions with more sophisticated tools to hedge and manage risk.\nUnlike futures, options offer flexibility and granularity, making them a preferred instrument for certain strategies. \nThe new onshore options market could also attract retail investors, who account for 44% of U.S. equity options trading but have had limited access to Bitcoin derivatives. \nThorn suggested the potential for broader adoption, saying, \"I would be surprised if these options don't become accessible to retail platforms like Robinhood soon.\"\nAlso Read: ‘Trump Trade Still Intact,’ Says Tom Lee, Expects Market Uncertainty To Subside After Nvidia Earnings, Treasury Sec Announcement\nWhy It Matters: The introduction of options on IBIT comes as Bitcoin made a new high of $93,639 on Tuesday afternoon, according to CoinGecko data.\nThorn pointed out that the additional liquidity from options markets could help reduce Bitcoin's volatility over time. \n\"As volatility comes down, people can take larger position sizes, and you should see Bitcoin become more stable,\" he noted. This stabilization could encourage more institutions to enter the market, bolstering Bitcoin’s role as a financial asset.\nThorn also addressed the ongoing debate around Bitcoin as a safe-haven asset amid geopolitical tensions. \nWhile some still view Bitcoin as a high-risk investment, he argued that its global liquidity and trading activity make it increasingly resilient.\n\"Over time, as it's more widely held, Bitcoin's volatility will decrease, and its use case will extend beyond being a speculative asset,\" he concluded.\nRead Next: \n\nLQR House Approves $1M Bitcoin Purchase, Following MicroStrategy’s Lead In Corporate Crypto Strategies\n\nImage: Pexels Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. 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