Nasdaq plans to launch options contracts on the Bitcoin index, with the aim of providing institutions and traders with a new way to hedge the risks associated with investing in Bitcoin. Matt Hougan, chief investment officer at Bitwise, believes that these options contracts are necessary for the asset to become fully normalized. The U.S. Securities and Exchange Commission (SEC) has yet to approve any options contracts related to Bitcoin ETFs. Meanwhile, BlackRock’s Bitcoin spot ETF saw its largest daily net inflow in 35 days, signaling investor interest in accumulating more Bitcoin as the market declines. Additionally, crypto investment funds have seen the largest inflows over the past five weeks.
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