According to a report by Bloomberg on November 20th, Alex Thorn, Head of Research at Galaxy Digital, stated that the launch of options trading for the $43 billion iShares Bitcoin Trust (IBIT) is expected to reduce volatility in the Bitcoin market and expand the investor base. Nasdaq began offering options trading for this ETF on Tuesday.
In an interview with Bloomberg Television, Thorn noted that as the range of Bitcoin holders broadens, options trading will help to curb market volatility. The reduction in volatility will enable investors to hold larger positions and view Bitcoin as a core investment asset rather than merely a high-risk speculative instrument.
He further explained that options products will provide institutional investors with more hedging tools, enhance market liquidity, and influence retail trading behavior during bull markets. However, he also emphasized that while traditional financial institutions enter this space, the cryptocurrency industry still needs to maintain its autonomy.

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According to a report by Bloomberg on November 20, Galaxy Digital's research director Alex Thorn stated that the launch of the $43 billion iShares Bitcoin Trust (IBIT) options trading is expected to reduce volatility in the Bitcoin market and expand the investor base. Nasdaq offered options trading for this ETF for the first time on Tuesday.
Thorn pointed out in an interview with Bloomberg Television that as the range of Bitcoin holders expands, options trading will help mitigate market volatility. The reduction in volatility will enable investors to hold larger positions and view Bitcoin as a fundamental investment asset rather than merely a high-risk speculative instrument.
He further explained that options products would provide institutional investors with more hedging tools, enhance market liquidity, and influence retail trading behavior during bull markets. However, he emphasized that while traditional financial institutions are entering this space, the crypto industry still needs to maintain its autonomy.
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Galaxy Digital Research Director: Bitcoin ETF Options Will Reduce Market Volatility and Expand the Investor Base