Cryptocurrencies
Bitcoin ETF Options Will Lower Volatility, Galaxy’s Thorn Says
- Nasdaq began offering options for iShares Bitcoin Trust
- Largest cryptocurrency has more than doubled in value in 2024
Nasdaq Inc. began offering options for the ETF for the first time Tuesday.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
The availability of options on the sector leading $43 billion iShares Bitcoin Trust is likely to reduce volatility and increase the investor base for the original cryptocurrency, according to Galaxy Digital’s Alex Thorn.
“Over time as it’s more widely held, volatility will decrease, options will help dampen volatility and and as volatility comes down people can take larger position sizes,” Thorn, head of firmwide research, said Tuesday during an interview on Bloomberg Television.