Bitcoin Options Open Interest Skyrockets Past $18 Billion as Traders Anticipate SEC ETF Decision



Bitcoin options open interest has soared to unprecedented levels, surpassing the $18 billion threshold on Dec. 22, 2023. Currently, evidence indicates that bitcoin traders are leveraging bitcoin options to mitigate risk and speculate on the future price trajectories of bitcoin, particularly in anticipation of major developments such as the U.S. Securities and Exchange Commission’s (SEC) upcoming verdict on a spot bitcoin exchange-traded fund (ETF).
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