BITPRISMIA
Deribit, in collaboration with Coinbase, is launching USDC-settled linear options for Bitcoin and Ether on August 19, aiming to enhance accessibility and liquidity in the crypto derivatives market.
Wells Fargo's significant increase in holdings of BlackRock's iShares Bitcoin Trust (IBIT) from $26 million to over $160 million signals growing institutional confidence in Bitcoin ETFs and broader crypto adoption.
Coinbase has completed its acquisition of Deribit, enhancing its derivatives trading capabilities and expanding its ambitions to become a comprehensive global crypto trading platform.
A significant Bitcoin options expiration event worth $4.7 billion is set to occur on August 15, alongside $1.3 billion in Ethereum options, which may impact market activity and trading strategies.
BlackRock's iShares Bitcoin Trust (IBIT) has reached a record $90 billion in assets under management (AUM), signaling strong institutional interest in Bitcoin and the growing acceptance of regulated crypto investment products.
Coinbase has acquired Deribit, a leading crypto derivatives exchange, for $2.9 billion, aiming to strengthen its position in the crypto market and expand its offerings.
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The author discusses their investment philosophy centered around Bitcoin (BTC-USD), highlighting its strong performance since 2023 and their long positions in related assets.
U.S. spot Bitcoin ETFs experienced a significant inflow of $178.99 million on August 11, reflecting growing investor confidence and institutional adoption of Bitcoin.