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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Nasdaq Seeks SEC Approval for Bitcoin Index Options

Nasdaq has officially requested approval from the U.S. Securities and Exchange Commission (SEC) to introduce and trade options on a bitcoin index, marking a significant step toward expanding the financial products available for cryptocurrency investment. This move follows the introduction of exchange-traded funds (ETFs) tied to spot bitcoin prices earlier this year, although the SEC has yet to approve options on these individual ETFs, including Nasdaq’s application to trade options on BlackRock’s iShares Bitcoin Trust ETF.

Key Points:

  1. Expanding Bitcoin Derivatives: The proposed Nasdaq Bitcoin Index Options would be listed derivatives that track the CME CF Bitcoin Real-Time Index, offering institutional investors and traders a new method to hedge or amplify their exposure to bitcoin. This development could significantly enhance liquidity in the bitcoin market by providing a broader range of financial instruments.

  2. Importance of Options in Market Normalization: Matt Hougan, Chief Investment Officer of Bitwise, emphasized the importance of bitcoin options for fully normalizing this asset class. Options allow traders to leverage their purchasing power at a lower cost, while institutional investors often use them to manage risk. The availability of these options is seen as a crucial component of a mature and liquid bitcoin market.

  3. Regulatory Hurdles and Market Adaptation: While Nasdaq awaits the SEC's decision, traders have been using other financial products, such as leveraged ETFs tied to bitcoin, to gain exposure. Exchanges initially filed for options on spot bitcoin ETFs immediately after the SEC approved the underlying ETFs in January but have since had to withdraw and refile applications due to SEC feedback.

In summary, Nasdaq's push for bitcoin index options represents a significant advancement in the cryptocurrency market's development, potentially offering new tools for investors and increasing market liquidity, pending regulatory approval from the SEC.

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