While now seen as a sure thing by the vast majority of the Bitcoin community, the options market is showing that traders are hedging bets ahead of a Jan. 10 deadline for the US to decide whether to allow exchange-traded funds holding the cryptocurrency. The open interest, or the total amount of outstanding contracts, for puts allowing holders to sell the digital currency expiring on Jan. 12 has surged. That’s made the put-to-call ratio on the contract well above those for contracts with other expiration dates further out from the deadline, according to data compiled by Deribit, the largest crypto options exchange. ... (full story)