Bitcoin ETF liquidity expected to rise after SEC options approval
The U.S. Securities and Exchange Commission (SEC) recently approved options trading for spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs), a move expected to significantly boost liquidity.
This approval allows 11 Bitcoin ETF providers, listed on the New York Stock Exchange (NYSE) and Chicago Board Options Exchange (CBOE), to offer options trading.
According to QCP Capital, this approval is set to attract sustainable inflows into Bitcoin ETFs, as institutional demand remains strong.
QCP Capital noted in an Oct. 19 report, “The SEC's approval for BTC ETF options trading will provide the ETF with the needed liquidity to attract sustainable inflows."
ETFs have been a key driver of Bitcoin's price growth, with around 75% of new investment coming from them earlier this year.
The upcoming U.S. presidential election in 2024 is also anticipated to drive risk-on sentiment, potentially fueling more inflows into Bitcoin and other cryptocurrencies.
QCP Capital suggested that as investor appetite for risk grows, it will support Bitcoin's price movements and align with the narrative of a bullish October.
To confirm a breakout, Bitcoin needs a weekly close above $68,700.
Popular crypto analyst Rekt Capital pointed out, “A weekly close just like this would be bullish,” indicating that such a close would signal a breakout beyond key resistance levels.
With Bitcoin ETF inflows surpassing $20 billion in total net flows by mid-October—an achievement that took Gold-based ETFs nearly five years—Bitcoin ETFs continue to demonstrate strong momentum.
If these inflows persist, Bitcoin could be on track for further price gains, especially as institutional interest continues to build.
At the time of writing, the Bitcoin (BTC) price was $68,117.46.
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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
