- The SEC facilitated Bitcoin ETF options trading on Nasdaq and Cboe, marking a major leap forward in the way cryptocurrency is invested.
- Nasdaq’s BTC ETF options promise cost-effectiveness and advanced hedging. Analysts are expecting an influx of hedge funds.
- Pullix’s PLX token presale gains traction, introducing game-changing “Trade-to-Earn” concept and reshaping cryptocurrency participation.
Just when everyone thought 2024 would be the biggest year since the US SEC’s recent approval of the Bitocin ETF, there is excitement again in the cryptocurrency community as Nasdaq and Cboe prepare to trade Bitcoin ETF options. The two have already filed applications with the SEC, and the regulator has accepted them.
At the same time, hybrid trading platform Pullix promises a new era in decentralized finance.
Nasdaq and Cboe Bitcoin ETF Options Trading Movement
In a screenshot posted to X by James Seyffart, the SEC has already acknowledged a 19b-4s requesting the ability to trade spot Bitcoin ETF options.
The SEC has already recognized a 19b-4 requesting the ability to trade options on-site. #Bitcoin ETF. This is faster than the SEC typically moves. If the SEC wants to move quickly, could the option be approved before the end of February?…
The fastest option is still ~27 days away. pic.twitter.com/ohbvHgP2uO
— James Seyff (@JSeyff) January 19, 2024
Nasdaq’s offering centers around listing options on BlackRock’s iShares Bitcoin Trust, while Cboe is targeting options trading on exchange-traded products (ETPs) holding Bitcoin. In particular, Cboe’s prominent role in launching six SEC-approved spot BTC ETFs positions Cboe as a key player in shaping the cryptocurrency market.
With the positive market reaction and efficient tracking of the Bitcoin price following the launch of ETF trading on January 11, options trading is seen as the “next logical step” in providing investors with improved utility and risk management.
Options trading on Nasdaq’s proposed BTC ETF is hailed as providing cost-effectiveness and advanced hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified period of time, increasing their utility to a broader investor base, including the traditional financial sector.
Speaking to CNBC, VettaFi analyst Dave Nadig predicted that the introduction of BTC ETF options would attract hedge fund players and fuel increased speculation and diversified investment approaches in the cryptocurrency market.
A regulatory waiting game is underway, with the option likely to be approved by the end of February, pending an SEC decision and a 21-day public comment period.
Pullix: Trade-to-Earn Model Revealed
Amid the cryptocurrency craze surrounding the biotin ETF, the soon-to-be-launched Pullix trading platform is attracting attention for its innovative model. Pullix introduces a unique “Trade-to-Earn” concept, allowing users holding its native token, PLX, to earn immediate rewards for trading on the platform.
The main USP of the PLX token lies in its profit sharing mechanism, which allows holders to benefit from the daily profits generated by the trading exchange. This game-changing approach combines active trading with guaranteed fixed income, setting Pullix apart in the rapidly evolving cryptocurrency space.
The token is currently in its sixth pre-sale phase and is already showing signs of receiving massive support from cryptocurrency enthusiasts. At press time, pre-sales had raised close to $4 million, with only five stages sold out.
To participate in the pre-sale and obtain PLX tokens prior to the launch of the Pullix platform, which is scheduled for before the end of January, please visit the Pullix official website.
conclusion
As cryptocurrency markets witness a transformational phase with Nasdaq and Cboe accelerating Bitcoin ETF options trading, Pullix’s PLX presale is a “Trade-to-Earn” model that could redefine user engagement in decentralized finance We provide another level of enjoyment by introducing .
Investors and enthusiasts alike are closely watching these developments and eagerly anticipating their impact on investment strategies and the widespread adoption of cryptocurrencies. The convergence of an innovative trading platform and token economics marks an important chapter in the evolving story of digital assets.