The iShares Bitcoin Trust, valued at $43 billion, is expected to experience reduced volatility in the cryptocurrency market with the introduction of options.
According to Alex Thorn, head of firmwide research at Galaxy Digital, as Bitcoin becomes more widely held, its volatility will decrease, allowing investors to take larger positions. Thorn emphasized that the availability of options will play a crucial role in dampening market fluctuations.
This development is anticipated to expand the investor base for Bitcoin, making it more accessible to a wider range of participants in the financial market.