Bitcoin ETF Options Could Smooth Volatility, Become Available On Robinhood Soon, Expert Says
Bitcoin ETF Options Could Smooth Volatility, Become Available On Robinhood Soon, Expert Says
Speaking with Bloomberg, Thorn pointed out that options provide institutions with more sophisticated tools to hedge and manage risk.Alex Thorn, head of research at Galaxy Digital, on Tuesday emphasized the transformative potential of derivatives for the Bitcoin market, particularly with the launch of options on BlackRock's iShares Bitcoin ETF (IBIT) on Nasdaq.
Galaxy Digital研究主管Alex Thorn週二強調了衍生品對比特幣市場的變革潛力，尤其是在納斯達克推出BlackRock的iShares比特幣ETF（IBIT）期權後。
What Happened: Highlighting the significant impact derivatives could have on Bitcoin (CRYPTO: BTC) liquidity and institutional participation, he said, "All other markets—commodities, equities—the derivatives markets are orders of magnitude larger than spot markets."
事件進展：他指出，衍生品可能對比特幣（加密貨幣：BTC）流動性和機構參與產生重大影響，說道：「所有其他市場——商品、股票——衍生品市場的規模比現貨市場大幾個數量級。」
"You can imagine if we get into a bull market... those options could be really impactful," he added.
他補充說：「你可以想象如果我們進入牛市……那些選項可能會產生真正的影響。」
Speaking with Bloomberg, Thorn pointed out that options provide institutions with more sophisticated tools to hedge and manage risk.
Thorn在接受彭博社採訪時指出，期權爲機構提供了更復雜的對沖和風險管理工具。
Unlike futures, options offer flexibility and granularity, making them a preferred instrument for certain strategies.
與期貨不同，期權提供靈活性和細緻性，使其成爲某些策略的首選工具。
The new onshore options market could also attract retail investors, who account for 44% of U.S. equity options trading but have had limited access to Bitcoin derivatives.
新的場內期權市場還可能吸引零售投資者，他們佔美國股票期權交易的44%，但一直對比特幣衍生品的接觸有限。
Thorn suggested the potential for broader adoption, saying, "I would be surprised if these options don't become accessible to retail platforms like Robinhood soon."
Thorn建議可能會更廣泛採用，稱：「如果這些期權不久就能被像羅賓漢這樣的零售平台接觸，我會感到驚訝的。」
Also Read: 'Trump Trade Still Intact,' Says Tom Lee, Expects Market Uncertainty To Subside After Nvidia Earnings, Treasury Sec Announcement
也可參考：「特朗普交易仍然完整，」Tom Lee表示，預計英偉達收益和財政部長公告後市場不確定性將有所減少。
Why It Matters: The introduction of options on IBIT comes as Bitcoin made a new high of $93,639 on Tuesday afternoon, according to CoinGecko data.
爲何重要：IBit推出期權交易，這對比特幣在週二下午創下93,639美元的新高可能會產生影響，據CoinGecko數據顯示。
Thorn pointed out that the additional liquidity from options markets could help reduce Bitcoin's volatility over time.
索恩指出，期權市場的額外流動性有助於隨着時間推移降低比特幣的波動性。
"As volatility comes down, people can take larger position sizes, and you should see Bitcoin become more stable," he noted. This stabilization could encourage more institutions to enter the market, bolstering Bitcoin's role as a financial asset.
「隨着波動性的降低，人們可以持有更大規模的頭寸，你會看到比特幣變得更加穩定，」他指出。這種穩定可能鼓勵更多機構進入市場，增強比特幣作爲金融資產的作用。
Thorn also addressed the ongoing debate around Bitcoin as a safe-haven asset amid geopolitical tensions.
索恩還談到了圍繞比特幣作爲避險資產的持續爭論。
While some still view Bitcoin as a high-risk investment, he argued that its global liquidity and trading activity make it increasingly resilient.
雖然一些人仍然將比特幣視爲高風險投資，但他認爲其全球流動性和交易活動使其變得更具彈性。
"Over time, as it's more widely held, Bitcoin's volatility will decrease, and its use case will extend beyond being a speculative asset," he concluded.
他總結說：「隨着比特幣被更廣泛持有，其波動性將降低，其用途將超越作爲投機資產。」
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Image: Pexels
圖片：Pexels
譯文內容由第三人軟體翻譯。
