Why investors are flocking to BlackRock’s bitcoin options to hedge against a wild global economy
Something notable happened on Friday, indicating the accelerating institutionalization of the bitcoin BTC$77,350.52 market, which has been pioneered by everyday people for years. This is because options, or hedging instruments, linked to BlackRock’s bitcoin exchange-traded fund (ETF), IBIT, have grown slightly larger on Nasdaq than total bitcoin options trading on the offshore giant Deribit. It…