BlackRock’s Bitcoin ETF Insurance Costs Hit April Crash Levels as Traders Brace for Volatility
Hedging against downside in BlackRock's bitcoin ETF just got pricier than at any point since April's bloodbath—and Wall Street's fear gauge is flashing red.
Why the panic? Institutional players are piling into protective puts as macro uncertainty looms, driving premiums to nosebleed levels. The last time insurance was this expensive, BTC cratered 30% in weeks.
Meanwhile, crypto traders shrug—another Tuesday in the casino. After all, what's a little extra hedging cost when you're playing with the house's money? (Spoiler: Your money.)