{"id":566616,"date":"2023-12-23T00:00:39","date_gmt":"2023-12-23T00:00:39","guid":{"rendered":"https:\/\/www.wncen.com\/?p=566616"},"modified":"2024-06-11T12:33:28","modified_gmt":"2024-06-11T12:33:28","slug":"countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/","title":{"rendered":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils"},"content":{"rendered":"

As the long-awaited deadline for a positive or negative decision on spot Bitcoin <\/span>ETF applications<\/span><\/a> approaches, Bloomberg <\/span>reports <\/span><\/a>that the BTC options market is seeing increased hedging activity as traders prepare for a crucial decision on January 10th.<\/span><\/p>\n

The report indicates a surge in open interest for put options expiring on Jan. 12, suggesting that market participants are taking steps to mitigate potential losses in the event of a<\/span> negative verdict<\/span><\/a> by the US Securities and Exchange Commission (SEC) regarding these index funds holding the cryptocurrency.\u00a0<\/span><\/p>\n

Market Readies For Bitcoin ETF Verdict<\/span><\/h2>\n

The Bloomberg report highlights that the <\/span>open interest<\/span><\/a> for put options, which allow holders to sell Bitcoin, has seen a significant increase for contracts expiring on January 12.\u00a0<\/span><\/p>\n

This surge in open interest has resulted in a higher put-to-call ratio for these specific options compared to contracts with expiration dates further out from the January 10 deadline.\u00a0<\/span><\/p>\n

Related Reading: Solana Flips BNB To Become 4th-Largest Crypto, Is Ethereum Next<\/a><\/div>\n

As seen in the chart below, the most prominent strike prices for the<\/span> put contracts<\/span><\/a> are $44,000, $42,000, and $40,000, respectively, indicating that put holders could exercise their options to minimize losses in case of a negative market reaction to the SEC decision.<\/span><\/p>\n

\"Bitcoin
BTC’s open interest for January 12. Source: Bloomberg<\/a><\/figcaption><\/figure>\n

The put-to-call ratio, considered a measure of overall market sentiment, stands at 0.67 for the January 12 options contracts, indicating a more cautious approach among traders.\u00a0<\/span><\/p>\n

Ryan Kim, head of derivatives at FalconX, suggests that leveraged\/speculative traders are employing Bitcoin put options to protect their <\/span>leveraged longs<\/span><\/a>, anticipating significant price movements in either direction.\u00a0<\/span><\/p>\n

The higher put-call ratio for January 12 options further reflects the market’s desire for protection against a potential negative decision.<\/span><\/p>\n

The surge in open interest for put options expiring on January 12 indicates a growing need for protection in case of an unfavorable ruling. While Bitcoin’s rally has softened the impact of its 2022 decline, market expectations for ETF approval may already be priced in, posing potential risks for the market.\u00a0<\/span><\/p>\n

BTC\u2019s Price Resistance And Potential Dip\u00a0<\/span><\/h2>\n

Bitcoin has experienced a <\/span>remarkable rally<\/span><\/a> this year, with expectations for ETF approval driving its price up by more than 60% since mid-October.\u00a0<\/span><\/p>\n

However, the Bloomberg report suggests that the surge in demand for the anticipated ETFs may already be factored into the token’s price, potentially exposing the market to a “sell the news” scenario in the second week of January.\u00a0<\/span><\/p>\n

Related Reading: Social Frenzy: Stacks (STX) Hits 8-Month High, But It Unveiled An Intriguing Twist<\/a><\/div>\n

Furthermore, QCP Capital, a Singapore-based crypto asset trading firm, predicts topside resistance for Bitcoin in the range of $45,000 to $48,500 and a possible retracement to $36,000 levels before the uptrend resumes.<\/span><\/p>\n

\"Bitcoin
The 1-day chart shows BTC’s sideways price action over the past 14 days. Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Bitcoin is currently trading at $43,400, experiencing a 1% decline over the past 24 hours. Over the past 14 days, the cryptocurrency has shown a sideways price movement with a slight decrease of 0.4%.\u00a0<\/span><\/p>\n

Given Bitcoin’s well-known volatility, it remains uncertain how the market will react as the looming decision and potential catalysts draw near, and how these factors will impact its price dynamics.<\/span><\/p>\n

However, the upcoming decision is not the sole catalyst that can potentially drive Bitcoin’s price in 2024. The cryptocurrency is also anticipated to experience a significant catalyst in April 2024, known as the<\/span> halving event<\/span><\/a>.\u00a0<\/span><\/p>\n

This event has historically resulted in an upward surge in Bitcoin’s price, and it is predicted to propel the cryptocurrency beyond its previous all-time high (ATH) of $69,000 throughout the upcoming year.<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

As the long-awaited deadline for a positive or negative decision on spot Bitcoin ETF applications approaches, Bloomberg reports that the BTC options market is seeing increased hedging activity as traders prepare for a crucial decision on January 10th. The report indicates a surge in open interest for put options expiring on Jan. 12, suggesting that market participants are taking steps to mitigate potential losses in the event of a negative verdict by the US Securities and Exchange Commission (SEC) regarding these index funds holding the cryptocurrency.\u00a0 Market Readies For Bitcoin ETF Verdict The Bloomberg report highlights that the open interest for put options, which allow holders to sell Bitcoin, has seen a significant increase for contracts expiring on January 12.\u00a0 This surge in open interest has resulted in a higher put-to-call ratio for these specific options compared to contracts with expiration dates further out from the January 10 deadline.\u00a0 Related Reading: Solana Flips BNB To Become 4th-Largest Crypto, Is Ethereum Next As seen in the chart below, the most prominent strike prices for the put contracts are $44,000, $42,000, and $40,000, respectively, indicating that put holders could exercise their options to minimize losses in case of a negative market reaction to the SEC decision. The put-to-call ratio, considered a measure of overall market sentiment, stands at 0.67 for the January 12 options contracts, indicating a more cautious approach among traders.\u00a0 Ryan Kim, head of derivatives at FalconX, suggests that leveraged\/speculative traders are employing Bitcoin put options to protect their leveraged longs, anticipating significant price movements in either direction.\u00a0 The higher put-call ratio for January 12 options further reflects the market’s desire for protection against a potential negative decision. The surge in open interest for put options expiring on January 12 indicates a growing need for protection in case of an unfavorable ruling. While Bitcoin’s rally has softened the impact of its 2022 decline, market expectations for ETF approval may already be priced in, posing potential risks for the market.\u00a0 BTC\u2019s Price Resistance And Potential Dip\u00a0 Bitcoin has experienced a remarkable rally this year, with expectations for ETF approval driving its price up by more than 60% since mid-October.\u00a0 However, the Bloomberg report suggests that the surge in demand for the anticipated ETFs may already be factored into the token’s price, potentially exposing the market to a “sell the news” scenario in the second week of January.\u00a0 Related Reading: Social Frenzy: Stacks (STX) Hits 8-Month High, But It Unveiled An Intriguing Twist Furthermore, QCP Capital, a Singapore-based crypto asset trading firm, predicts topside resistance for Bitcoin in the range of $45,000 to $48,500 and a possible retracement to $36,000 levels before the uptrend resumes. Bitcoin is currently trading at $43,400, experiencing a 1% decline over the past 24 hours. Over the past 14 days, the cryptocurrency has shown a sideways price movement with a slight decrease of 0.4%.\u00a0 Given Bitcoin’s well-known volatility, it remains uncertain how the market will react as the looming decision and potential catalysts draw near, and how these factors will impact its price dynamics. However, the upcoming decision is not the sole catalyst that can potentially drive Bitcoin’s price in 2024. The cryptocurrency is also anticipated to experience a significant catalyst in April 2024, known as the halving event.\u00a0 This event has historically resulted in an upward surge in Bitcoin’s price, and it is predicted to propel the cryptocurrency beyond its previous all-time high (ATH) of $69,000 throughout the upcoming year. Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":566617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[532,90555,9960,656,679,6047,680,681,682,5361,7434,684,1144,8390,78790,6664,14690,1558,6217,5856,15857,84647,5332],"class_list":["post-566616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin-etf","tag-bitcoin-etf-news","tag-bitcoin-etfs","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-action","tag-bitcoin-price-analysis","tag-bitcoin-price-bias","tag-bitcoin-price-chart","tag-bitcoin-price-charts","tag-bitcoin-price-daily-chart","tag-bitcoin-price-drop","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency","tag-latest-bitcoin-news","tag-newsbtc-bitcoin-news","tag-sec-bitcoin-etf","tag-spot-bitcoin-etf","tag-united-states-bitcoin-news"],"acf":[],"yoast_head":"\nCountdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils<\/title>\n<meta name=\"description\" content=\"As the deadline for a decision on Bitcoin ETF applications approaches, Bloomberg reports that the BTC options is seeing hedging activity.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils\" \/>\n<meta property=\"og:description\" content=\"As the deadline for a decision on Bitcoin ETF applications approaches, Bloomberg reports that the BTC options is seeing hedging activity.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-23T00:00:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T12:33:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"463\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils\",\"datePublished\":\"2023-12-23T00:00:39+00:00\",\"dateModified\":\"2024-06-11T12:33:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\"},\"wordCount\":617,\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260\",\"keywords\":[\"Bitcoin ETF\",\"Bitcoin ETF news\",\"Bitcoin ETFs\",\"Bitcoin news\",\"bitcoin price\",\"Bitcoin Price action\",\"Bitcoin price analysis\",\"bitcoin price bias\",\"Bitcoin price chart\",\"bitcoin price charts\",\"Bitcoin Price daily chart\",\"bitcoin price drop\",\"btcusd\",\"btcusd price\",\"BTCUSDT\",\"crypto\",\"crypto news\",\"cryptocurrency\",\"latest bitcoin news\",\"newsbtc bitcoin news\",\"SEC Bitcoin ETF\",\"Spot Bitcoin ETF\",\"United States Bitcoin news\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\",\"url\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\",\"name\":\"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260\",\"datePublished\":\"2023-12-23T00:00:39+00:00\",\"dateModified\":\"2024-06-11T12:33:28+00:00\",\"description\":\"As the deadline for a decision on Bitcoin ETF applications approaches, Bloomberg reports that the BTC options is seeing hedging activity.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260\",\"width\":463,\"height\":260,\"caption\":\"Bitcoin ETF\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.wncen.com\/#website\",\"url\":\"https:\/\/www.wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/www.wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils","description":"As the deadline for a decision on Bitcoin ETF applications approaches, Bloomberg reports that the BTC options is seeing hedging activity.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/","og_locale":"en_US","og_type":"article","og_title":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils","og_description":"As the deadline for a decision on Bitcoin ETF applications approaches, Bloomberg reports that the BTC options is seeing hedging activity.","og_url":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-12-23T00:00:39+00:00","article_modified_time":"2024-06-11T12:33:28+00:00","og_image":[{"width":463,"height":260,"url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#article","isPartOf":{"@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils","datePublished":"2023-12-23T00:00:39+00:00","dateModified":"2024-06-11T12:33:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/"},"wordCount":617,"publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"image":{"@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260","keywords":["Bitcoin ETF","Bitcoin ETF news","Bitcoin ETFs","Bitcoin news","bitcoin price","Bitcoin Price action","Bitcoin price analysis","bitcoin price bias","Bitcoin price chart","bitcoin price charts","Bitcoin Price daily chart","bitcoin price drop","btcusd","btcusd price","BTCUSDT","crypto","crypto news","cryptocurrency","latest bitcoin news","newsbtc bitcoin news","SEC Bitcoin ETF","Spot Bitcoin ETF","United States Bitcoin news"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/","url":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/","name":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils","isPartOf":{"@id":"https:\/\/www.wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage"},"image":{"@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260","datePublished":"2023-12-23T00:00:39+00:00","dateModified":"2024-06-11T12:33:28+00:00","description":"As the deadline for a decision on Bitcoin ETF applications approaches, Bloomberg reports that the BTC options is seeing hedging activity.","breadcrumb":{"@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#primaryimage","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260","width":463,"height":260,"caption":"Bitcoin ETF"},{"@type":"BreadcrumbList","@id":"https:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.wncen.com\/"},{"@type":"ListItem","position":2,"name":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils"}]},{"@type":"WebSite","@id":"https:\/\/www.wncen.com\/#website","url":"https:\/\/www.wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/www.wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/www.wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils","url":"http:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin etf","bitcoin etf news","bitcoin etfs","bitcoin news","bitcoin price","bitcoin price action","bitcoin price analysis","bitcoin price bias","bitcoin price chart","bitcoin price charts","bitcoin price daily chart","bitcoin price drop","btcusd","btcusd price","btcusdt","crypto","crypto news","cryptocurrency","latest bitcoin news","newsbtc bitcoin news","sec bitcoin etf","spot bitcoin etf","united states bitcoin news"],"dateCreated":"2023-12-23T00:00:39Z","datePublished":"2023-12-23T00:00:39Z","dateModified":"2024-06-11T12:33:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Countdown To Bitcoin ETF 2024 Decision: Traders Employ Hedging Tactics, Bloomberg Unveils\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/countdown-to-bitcoin-etf-2024-decision-traders-employ-hedging-tactics-bloomberg-unveils\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_download-65.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/shutterstock_download-65.jpg?fit=463%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin etf\",\"bitcoin etf news\",\"bitcoin etfs\",\"bitcoin news\",\"bitcoin price\",\"bitcoin price action\",\"bitcoin price analysis\",\"bitcoin price bias\",\"bitcoin price chart\",\"bitcoin price charts\",\"bitcoin price daily chart\",\"bitcoin price drop\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"crypto\",\"crypto news\",\"cryptocurrency\",\"latest bitcoin news\",\"newsbtc bitcoin news\",\"sec bitcoin etf\",\"spot bitcoin etf\",\"united states bitcoin news\"],\"dateCreated\":\"2023-12-23T00:00:39Z\",\"datePublished\":\"2023-12-23T00:00:39Z\",\"dateModified\":\"2024-06-11T12:33:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/12\/shutterstock_download-65.jpg?fit=463%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/566616"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=566616"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/566616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/566617"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=566616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=566616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=566616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}