Traditional hedging strategies are gaining ground in the crypto market, with tools like options now available. TradeStation, a brokerage platform, offers these services for cryptocurrencies alongside traditional assets. Strategies like covered calls are transitioning from OTC to mainstream markets. However, the evolution is ongoing, with limited assets offering robust futures and options markets. Despite growing interest, the majority of capital in the ecosystem remains focused on Bitcoin, raising concerns about the distribution of investment across derivatives and spot trading.