Bitwise expects options trading for its Bitcoin ETF to start tomorrow

Options trading for Bitcoin ETF is expected to enhance market liquidity and attract diverse investor engagement.

Nov 19, 2024

Happy Tuesday!

As the cryptocurrency landscape evolves, significant developments are shaping the market. Bitwise is set to kick off options trading for its Bitcoin ETF tomorrow, a move anticipated to enhance liquidity and attract a broader range of investors. Meanwhile, Binance has launched BFUSD, a yield-bearing token that promises an impressive 20% APY, although it raises questions about its classification and sustainability. In other news, Trump Media Group is in discussions to acquire Bakkt, potentially winding down its struggling custody services. Lastly, Bitcoin has surpassed silver's market cap, solidifying its status as a mainstream financial asset. Stay tuned for more insights and analysis on these pivotal stories!

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The global crypto market cap is $3.09 trillion, with a 24-hour volume of $182.17 billion. The price of Bitcoin is $92,409.40, and BTC market dominance is 59.1%. The price of Ethereum is $3,113.86, and ETH market dominance is 12.1%. The best-performing sector is Debit Card, which gained 11%. The Crypto Fear & Greed Index is currently Extreme Greed (90).