Bitcoin ETF Options Eyeing Nasdaq and Cboe, Pulix PLX Presale Raises $4M
SEC nodes on Nasdaq and Cboe will boost Bitcoin ETF options trading, signaling a significant jump in crypto investment avenues. Nasdaq's BTC ETF Options Cost Efficiency, Advanced Hedging; Analysts look ahead to hedge fund inflows. Pulix's PLX token presale gained traction, reshaping crypto engagement by introducing a game-changing “trade-to-earn” concept.
While everyone thought 2024 was the most visible year since the recent approval of Bitcoin ETFs by the US SEC, excitement is once again bubbling through the crypto community as Nasdaq and Cboe prepare for Bitcoin ETF options trading. The two have already filed an application with the SEC and the regulatory authority has taken cognizance of the applications.
At the same time, Pullix, a hybrid trading platform is promising a new era in decentralized finance.
Nasdaq and Cboe Bitcoin ETF options trading activity
In a screenshot posted by James Seifert on X, the SEC acknowledges that it has already requested 19b-4s on the ability to trade options on Bitcoin ETFs.
SEC already acknowledges 19b-4s requiring ability to trade options on #Bitcoin ETFs. This is faster than the SEC normally operates. If the SEC wants to move quickly, could options be approved before the end of February?…
Absolutely early options still ~27+ days left pic.twitter.com/ohbvHgP2uO
— James Seyff (@JSeyff) January 19, 2024
Nasdaq's proposal focuses on listing options for BlackRock's iShares Bitcoin Trust, while Cboe aims to trade options on exchange-traded products (ETPs) that hold bitcoin. Notably, Cboe's prominent role in launching six BTC ETFs approved by the SEC has made it a key player in shaping the crypto market.
With positive market reactions and effective tracking of Bitcoin's price since the launch of ETF trading on January 11, options trading is considered the “next logical step”, providing investors with improved leverage and risk management.
Options traded in BTC ETFs, as offered by Nasdaq, have been praised for bringing cost savings and superior hedging strategies to investors. Derivatives provide the right to buy or sell an asset within a specified time frame, increasing utility for a broader investor base, including traditional financial sectors.
Analyst Dave Nadig from VettaFi predicted in an interview with CNBC that the introduction of BTC ETF options will attract hedge fund players, which will encourage speculation and different investment approaches in the crypto market.
The regulatory protection game is on, with options approved at the end of February, pending SEC decisions and a 21-day public comment period.
Pulix: Unveiled business-to-acquire model
Amid the crypto enthusiasm surrounding Biotin ETFs, the upcoming Pulix trading platform takes center stage with its innovative model. Pulix introduces a unique “Trade-to-Earn” concept, allowing users to earn instant rewards for trading on the native PLX, platform.
The main USP of the PLX token lies in its revenue sharing mechanism, which allows holders to profit from the daily revenues generated by the exchange. This game-changing approach combines active trading with guaranteed steady income, positioning Pulix in the fast-growing crypto space.
The token is currently in its sixth presale stage and is already showing signs of massive support from crypto enthusiasts. At the time of the press conference, the pre-sale was close to 4 million dollars and only five stages were sold.
To participate in the pre-sale and get PLX tokens before the planned launch of the Pulix platform before the end of January, you can visit the official Pulix website.
Summary
As the crypto market witnesses a transformation with Nasdaq and Cboe trading on Bitcoin ETFs, Pulix's PLX pre-sale adds another layer of excitement by introducing a “trade from revenue” model that redefines user engagement in decentralized finance.
Investors and enthusiasts are watching these developments closely, eagerly anticipating the impact on investment strategies and the widespread adoption of cryptocurrencies. The integration of innovative trading platforms and tokenomics is a milestone in the digital assets narrative.
