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CBOE President Predicts Pension Surge on Bitcoin ETF Approval!

Key Points:

CBOE Digital President predicts a surge of institutional investors, including pension funds, with the approval of the first-ever Bitcoin spot ETF.
Bitcoin surpasses $45,000, hitting a two-year high amid heightened anticipation leading up to the January 10 SEC decision on the spot ETF.
Anticipating ETF approval, CBOE Digital plans to expand Bitcoin derivative products, expecting institutions to increasingly utilize derivatives for risk management.

CBOE Digital’s president, John Palmer, predicts a flood of institutional investors, including pension funds and registered investment advisers, if the US Securities and Exchange Commission Bitcoin ETF approval.

Palmer highlighted the significance of approval, stating that it would grant previously inaccessible avenues for pension and RIA-based funds to invest in a spot Bitcoin ETF, unlocking new opportunities in the cryptocurrency space.

The anticipation surrounding regulatory approval has driven Bitcoin’s value beyond $45,000, reaching a peak not seen in almost two years. With a crucial decision deadline on January 10, major players like BlackRock Inc. and Fidelity have submitted amended filings, intensifying the industry’s focus.

CBOE Digital’s Bold Bitcoin ETF Prediction

Palmer envisions an extended landscape for Bitcoin derivative products following the potential ETF approval. Institutional investors are expected to increasingly leverage these derivatives to manage risks effectively, ushering in a new era of sophisticated financial strategies.

CBOE Digital, a result of CBOE’s acquisition of ErisX in 2022, is poised for significant developments. Beyond its current offerings of spot and futures crypto trading for select tokens, the company plans to launch margined Bitcoin and Ether futures on January 11. This groundbreaking move will enable clients to trade futures without the need for full collateral upfront, further advancing accessibility and participation in the crypto derivatives market.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.