QCP Capital: IBIT options products perform well, and the new Trump administration is consistent with the influence of digital assets

According to a post by QCP Capital on its official Telegram channel: “Will cryptocurrencies eventually become a key part of macro? BlackRock’s BTC spot ETF (IBIT) options market debuted, trading a staggering 73,000 orders in the first hour on Tuesday, with a call-put ratio of 4.4:1. This activity puts IBIT among the top 20 most active non-index options, highlighting the growing confidence of institutions in Bitcoin as a mainstream asset class. This market reaction may attract new investor groups and provide them with diversified trading strategies. At the same time, this may help reduce volatility and downside risk, consolidating Bitcoin’s position in the mainstream market. Other BTC spot ETFs, such as Grayscale BTC Trust (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC), are also expected to launch options products soon. On the other hand, Trump’s cabinet picks are attracting attention, especially crypto-friendly figures like Elon Musk and Pete Hegseth, who was nominated as Secretary of Defense. Hegseth An outspoken advocate of Bitcoin’s decentralized value, he has even pledged to hold rather than sell his Bitcoin holdings. With Republicans taking control of the Senate, most nominees are expected to pass smoothly through confirmation. Trump aims to finalize his cabinet picks before Thanksgiving, which is just a week away. These choices highlight the alignment between the new administration and the growing influence of digital assets in the policy and financial fields. ”