K33 Research: Traders are still waiting for the NYSE and Nasdaq to launch spot Bitcoin ETF options

ChainCatcher news, K33 Research's research director Vetle Lunde stated in an interview with CNBC that the futures open interest at the Chicago Mercantile Exchange has reached an all-time high. This is currently the primary way most U.S. institutions are purchasing Bitcoin futures contracts, but many traders have been waiting for spot Bitcoin ETF options from major exchanges like the New York Stock Exchange and Nasdaq, as it could enhance liquidity and provide hedging tools.

Vetle Lunde added that the demand for leveraged long exposure to Bitcoin and Ethereum is on the rise, and VolatilityShares' BTC exposure has also previously reached an all-time high.