Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Michael Saylor Predicts Bitcoin Boom Following SEC’s Green Light for BlackRock’s Options

Michael Saylor Predicts Bitcoin Boom Following SEC’s Green Light for BlackRock’s Options

CryptodnesCryptodnes2024/09/22 14:52
By:Cryptodnes

MicroStrategy CEO Michael Saylor shared his optimistic outlook for Bitcoin following the U.S. Securities and Exchange Commission's (SEC) approval of options on BlackRock's Bitcoin exchange-traded fund.

Saylor stressed that this approval will accelerate the institutional adoption of Bitcoin , highlighting the importance of this move for broader market participation.

READ MORE:
BNY Mellon Gets SEC Crypto Exemption, Sparking Concerns

The Securities and Exchange Commission (SEC) decision allows BlackRock’s iShares Bitcoin Trust, which will trade under the ticker “IBIT,” to offer Bitcoin-based options on Nasdaq.

This marks an important milestone by creating new opportunities for institutional investors to engage with Bitcoin through a regulated financial product.

The announcement was officially posted on the SEC’s website, signaling a key development in the growing intersection between traditional finance and cryptocurrencies.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

US Senate Republicans pick pro-crypto John Thune as their next leader

Share link:In this post: Senate Republicans chose pro-crypto John Thune as their new leader, replacing Mitch McConnell after 18 years. Thune’s pro-free trade stance puts him at odds with Trump, especially on tariffs, which he warned could lead to inflation. Known for his support of crypto legislation, Thune co-sponsored the Digital Commodities Consumer Protection Act to bring clear regulation to the industry.

Cryptopolitan2024/11/14 05:44

BlackRock expands BUIDL with cross-chain integration to spread investment opportunities

Share link:In this post: BlackRock announced the launch of its BUIDL across multiple blockchains on November 13. The tokenized BlackRock USD Institutional Digital Liquid Fund will expand to Aptos, Optimism, Avax, OxPolygon, and Arbitrum. BUIDL was first launched on Ethereum in March of this year, and this initiative represents an evolutionary step in tokenization.

Cryptopolitan2024/11/14 05:44

Polymarket CEO Shayne Coplan had phone, electronics seized by the FBI

Share link:In this post: The FBI raided the home of Polymarket’s CEO Shayne Coplan, seizing a phone and electronics. The raid was considered a form of political messaging, despite Polymarket’s transparent nature and self-balancing market that cannot be manipulated. Polymarket continues to function, though with only a fraction of its open interest and daily users.

Cryptopolitan2024/11/14 05:44