The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n
Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n \"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n \"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n \"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n \"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n \"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\n See Related: <\/em><\/strong>CryptoCom And Coinbase Expand European Presence With Regulatory Approval In Italy<\/a><\/p>\n\n\n\n According to Blockchain.com President Lane Kasselman, Bitcoin miners earn more when two key factors come into play. First, Bitcoin's price, and second network activity. While network congestion drove earnings in May, the recent surge is primarily due to Bitcoin's rising price. <\/p>\n\n\n\n \"When the network is busier, it means more people are using it, and they pay higher fees for transactions. So, in May, even if Bitcoin's price wasn't exceptionally high, the network was congested, leading to a significant boost in miner earnings. However, the recent increase in their earnings is mostly due to the rising price of Bitcoin.\" <\/em><\/p>\n\n\n\n The May congestion resulted from high demand for Ordinals, digital assets inscribed on the Bitcoin blockchain. Miner revenues peaked at $40 million per day, despite Bitcoin's lower price at that time.<\/p>\n\n\n\n The SEC's consideration of Bitcoin ETFs has fueled Bitcoin's price surge, and the expiry of deadlines for rebuttal comments on pending ETF applications could lead to the simultaneous approval of 12 Bitcoin ETFs.<\/p>\n\n\n\n Reports suggest that Grayscale is in discussions with the SEC to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, following a court order to review the SEC's actions regarding the application.<\/p>\n\n\n\n While the SEC has previously rejected spot Bitcoin ETF applications, approval is seen as a significant milestone for institutional cryptocurrency acceptance, allowing investors exposure to the market without holding the assets themselves. JP Morgan analysts predict approval as soon as January 2024.<\/p>\n","post_title":"Bitcoin Mining Revenue Hits Yearly High Amidst ETF Excitement","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-mining-revenue-hits-yearly-high-amidst-etf-excitement","to_ping":"","pinged":"","post_modified":"2023-11-15 17:32:13","post_modified_gmt":"2023-11-15 06:32:13","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14293","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":14308,"post_author":"21","post_date":"2023-11-15 17:29:42","post_date_gmt":"2023-11-15 06:29:42","post_content":"\n CBOE Digital has announced<\/a> plans to allow trading for Bitcoin and Ether margin futures. Trading will start on January 11, 2024.\u00a0<\/p>\n\n\n\n The move will make CBOE the first in the U.S. to provide spot and leveraged products on a single trading platform. The CBOE president said, \"We believe derivatives will foster additional liquidity and hedging opportunities in crypto and represent the next critical step in this market's continued growth.\"<\/em><\/p>\n\n\n\n CBOE says several leading crypto and traditional financial firms have supported the planned margin futures launch. These are B2C2, CQG, BlockFills, Cumberland DRW, Wedbush, Trading Technologies, Marex, and many others. <\/p>\n\n\n\n CBOE was approved for margin futures trading in June. The entity now plans to seek approvals for physically delivered products.<\/p>\n\n\n\n See Related: <\/em><\/strong>Primex Finance Deploys Its Beta On zkSync Testnet To Enable Margin Trading On DEXs<\/a><\/p>\n\n\n\n The new trading feature comes amid a rise in interest in digital assets' financial products in the U.S. Chris Zuehlke, Cumberland DRW's Global Head, says secure access to futures markets is key to the nascent asset class. He lauds the initiative by CBOE as key to more institutional participation.<\/p>\n\n\n\n Meanwhile, the markets await a potential spot in Bitcoin ETF. Optimism grew after reports suggested that Grayscale has initiated talks with the SEC over its spot Bitcoin ETF application<\/a>.<\/p>\n\n\n\n There are growing expectations that the regulator will approve several spot Bitcoin ETF filings together. The market has speculated the approval in early 2024, with other optimistic predictions pointing to this year. More than nine asset management firms have filed for a spot Bitcoin product in the U.S.<\/p>\n","post_title":"CBOE To Offer BTC And ETH Margin Futures Trading In January\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"cboe-to-offer-btc-and-eth-margin-futures-trading-in-january","to_ping":"","pinged":"","post_modified":"2023-11-16 19:58:53","post_modified_gmt":"2023-11-16 08:58:53","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14308","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bitcoin mining revenue reached a fresh yearly peak as the cryptocurrency's value surged. The price rally coincided with growing optimism about the potential approval of a U.S. spot Bitcoin ETF by the SEC. <\/p>\n\n\n\n Data from Blockchain.com<\/a> shows that on November 12, BTC mining revenue hit $44,174,930.492. Which surpassed the previous yearly high of $41,744,197.067 on May 8, 2023. To put this in perspective, it exceeded mining revenue during the Ordinals craze in May.<\/p>\n\n\n\n This spike in mining revenue occurred as Bitcoin's price surged to over $37,000 on November 9, driven by mounting anticipation of the SEC approving a U.S. spot Bitcoin ETF.<\/p>\n\n\n\n The spike in mining revenue came as\u00a0BTC's price\u00a0surged to more than $37,900 on November 9, fueled by mounting anticipation of the possible approval of a U.S. spot Bitcoin ETF by the Securities and Exchange Commission (SEC). As of writing, Bitcoin's current price stands at just over $37,155, up almost 6% for the week.<\/p>\n\n\n\nMove Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n
The Reason Behind Increasing Miner Earnings<\/h2>\n\n\n\n
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Move Responds To Interest In Crypto Financial Products<\/h2>\n\n\n\n