2024-03-07 05:40:00 ET
Summary
- Following the approval of spot bitcoin ETFs, more traders and investors are moving to mitigate risks in the futures market.
- Derivatives traders are focused on managing risks linked to the price of Bitcoin after a string of spot ETFs launched in January and a major upcoming event, Bitcoin's halving, fuels new hedging opportunities.
- Speculation about the new ETFs' approval reached a crescendo in the days before the SEC cleared their trading, sending Bitcoin prices surging to a hair under $47,000.
Originally posted on March 05, 2024
By Ivan Castano
At A Glance
- Following the approval of spot bitcoin ETFs, more traders and investors are moving to mitigate risks in the futures market.
- The introduction of spot ETFs makes “the ecosystem more robust,” says ProShares analyst.
Read the full article on Seeking Alpha
For further details see:
Bitcoin Risk Management Moves To The Fore