Crypto Options Platform Dampens Hopes of Price Surge as SEC Considers Bitcoin ETF Approval

Greeks.live, a platform for trading crypto options, has observed little volatility in major term implied volatilities and prices despite speculation about the SEC approving a Bitcoin Spot ETF. The low market activity suggests that participants may have already anticipated the approval and adjusted their positions accordingly, resulting in limited impact on prices and volatility.

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BlackRock Proposes Bitcoin ETF with JPMorgan and Jane Street as Authorized Participants

Asset management giant BlackRock has announced plans to launch a Bitcoin exchange-traded fund (ETF), with JPMorgan Securities and Jane Street designated as authorized participants pending SEC approval. This move signifies a significant step towards the acceptance and legitimacy of cryptocurrencies in traditional financial markets, potentially reshaping the future of cryptoasset investments.

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Asset Managers Submit Revised Applications for Bitcoin ETFs to SEC

Asset managers BlackRock, Valkyrie, and Van Eck have submitted amended S-1 forms to the SEC for the creation of Bitcoin exchange-traded funds (ETFs). The revised applications align with the SEC’s preference for cash-only models and include the appointment of authorized participants. Analysts expect the SEC to make a decision on the ETF filings by January 10, 2024.

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