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Sep 21, 2024 • 6 tweets • 2 min read
5 REASONS why the approval of options on the BlackRock Bitcoin ETF are EXTREMELY bullish for Bitcoin:
Thread 🧵 👇 1. Increased Institutional Participation: The approval of options on this ETF allows more institutional players, such as hedge funds, pension funds, and investment firms, to gain exposure to Bitcoin. These institutions typically avoid direct purchases of volatile assets like Bitcoin but are more likely to invest through regulated, familiar financial products like ETFs and options.