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The move will allow investors to use derivatives to bet on or against the world’s largest digital asset. Having options on an ETF expands the trading possibilities, says Eric Balchunas at Bloomberg Intelligence, and will ultimately drive volumes and assets into the product.
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“These group of ETFs did not need this. They are successful on their own merit. But this is a pretty big tailwind to an already juggernaut situation,” said the ETF senior analyst. “Options allow you have to express opinions on something with more specificity.”
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