10x Research: The start of trading of Bitcoin spot ETF options is expected to drive a sharp rise in BTC

Odaily News 10x Research noted in its market analysis that the key hurdle to listing options on a Bitcoin spot ETF has now been cleared, with IBIT options trading expected to begin on Tuesday, November 19, 2024. This marks a dramatic shift, as CME's Bitcoin futures options have historically faced low volumes and high margin requirements, while Deribit is located in a jurisdiction that restricts access to many U.S. funds, in addition to counterparty risk for traders without OCC protection. As a result, options on IBIT and other Bitcoin spot ETFs could attract significant volumes, potentially driving a significant increase in Bitcoin prices.