Nasdaq’s IBIT ETF Upgrade: Bitcoin Derivatives Market Booms

The Nasdaq has made a significant move for Bitcoin, elevating the BlackRock-backed IBIT (Bitcoin Investment Trust) ETF to a regulatory class comparable to established equity giants like Apple and Microsoft. This crucial change unlocks unprecedented trading possibilities for institutional investors, with limits on IBIT options surging from 25,000 contracts to a staggering one million contracts. This transition marks the beginning of a full-scale derivatives market for Bitcoin.