Nakamoto Inc. launches Bitcoin derivatives program with Kraken and Bitwise
What happened
Nakamoto Inc. introduced an actively managed Bitcoin derivatives program with Kraken and Bitwise.
The Context
- The program involves writing covered calls and buying puts on part of Nakamoto's Bitcoin holdings.
- It aims to stabilize Bitcoin's market volatility and generate options premiums.
- Nakamoto Inc. is publicly traded on NASDAQ under the ticker NAKA.
Takeaway
This program could pave the way for more institutional investment in Bitcoin derivatives.
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