Episode Details
Title | Spot Bitcoin ETF Options Are Here. Why You ‘Can’t Overstate’ Their Importance - Ep. 739 |
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Date | 11/22/2024 |
Podcast | Unchained ↗ |
Key Insights
Bullish:
- 🟢 $IBIT - IBIT is seen as a strong investment due to the introduction of options, which is expected to increase liquidity and attract more institutional investors. The ETF's high trading volume and physical backing make it more attractive than competitors like BITO.
- “Options are expanding the ecosystem, bringing more traders involved, increasing the liquidity, and liquidity is big fish bait. So you should see more institutions using not only options, but the ETF themselves because of the advent of options being available.” - Eric (0:00)
- “Since IBIT itself trades way more than BITO. So IBIT the core ETF, I think, was trading I mean, now it averages, like, 3,000,000,000 a day. It's ridiculous. That's like, you know, up there with, like, you know, Netflix and Facebook, right, in terms of volume per day. And so I just think all the trading crowd was like, a, it's it's physically backed. B, it trades more than BITO. So, c, the options on it are gonna be where it's at going forward.” - Eric (31:07)
- 🟢 $BTC - 🔒
- 🟢 $CRYPTOETF - 🔒
Bearish:
- 🔻 $BITO - 🔒