How Wall Street Turned Bitcoin into a Playground for the Rich & Powerful (With Snacks) đżđ°
Picture this: a $86 billion giant called IBIT, the biggest Bitcoin ETF on the planet, now doing more volume than all of those bond and emerging market ETFs combinedâlike the prom king having his moment on the dance floor. People are so hooked, theyâre using options to hedge their bets, akin to buying insurance for a car youâre pretty sure will explode, but in a really fancy way. Rocky Fishman, a guy with more initials than a spy novel, said itâs rare for an ETF to develop a bustling options market so quicklyâeight months in, and itâs already the Meryl Streep of trading (or at least the Brad Pitt).