Bitcoin Frenzy Grows as Options Volume Soars Past $17 Billion Amid SEC ETF Speculation
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Bitcoin's price, trading volume, and options open interest are all rising, with open interest recently surpassing $17 billion.
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Open interest refers to the total number of outstanding options contracts that have not been settled. Rising open interest signals increased investor interest.
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On November 10, Bitcoin options open interest hit an all-time high of $18.05 billion before easing to $17.5 billion.
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Speculation continues about SEC approval of a Bitcoin ETF, which could unlock significant institutional investment.
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If approved, Bitcoin ETFs are expected to amplify Bitcoin's credibility and lead to a reinforcing cycle of greater adoption and prices.