| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $97064.5300000000 |
| ETH | $3131.3350000000 |
| BNB | $611.5622900000 |
| XRP | $1.1067670000 |
| ADA | $0.7814173000 |
| SOL | $242.1369000000 |
| DOGE | $N/A |
| DOT | $5.6948500000 |
| LTC | $90.0337000000 |
| LINK | $14.5965800000 |
Category: CRYPTO NEWS
The post Bitcoin ETF Options Hit $2B on Day One appeared on BitcoinEthereumNews.com. Options linked to BlackRock’s Bitcoin exchange-traded fund (IBIT) achieved nearly $2 billion in notional exposure on their first day of trading—an accomplishment some analysts describe as unprecedented. According to Bloomberg Intelligence analyst James Seyffart, “The first day of options trading saw close to $1.9 billion in notional exposure across 354,000 contracts, with 289,000 Calls and 65,000 Puts. That’s a call-to-put ratio of 4.4:1,” he shared in a post on X. The launch of IBIT options is a groundbreaking development for Bitcoin’s market, signaling a shift in how institutional investors interact with the cryptocurrency. By introducing options tied to a Bitcoin exchange-traded fund (ETF), institutional players now have a versatile tool to hedge risk, speculate on price movements, and manage their portfolios more effectively. This is particularly significant as options provide both flexibility and leverage, allowing investors to capitalize on Bitcoin’s volatility without directly holding the asset. The high trading volume and notional exposure on day one indicate a strong appetite for these instruments, underscoring Bitcoin’s growing maturity as an asset class. How IBIT Options Are Shaping Bitcoin’s Market Dynamics? “These options likely played a key role in Bitcoin hitting new all-time highs late Tuesday during U.S. trading hours,” shared James Seyffart, an analyst at Bloomberg Intelligence. The IBIT options, which debuted on Tuesday, mark a significant step forward for the crypto market. Many believe this launch could attract more institutional investors to Bitcoin (BTC). Back in September, the U.S. SEC gave the green light for options on several of the 11 spot Bitcoin ETFs, and we’re likely to see even more options products roll out soon. So, what exactly are these options? They’re a type of financial tool that gives you the right—but not the obligation—to either buy or sell an asset at a pre-agreed price within a specific timeframe.…
2024-11-20T14:30:05+00:00
https://bitcoinethereumnews.com/bitcoin/bitcoin-etf-options-hit-2b-on-day-one/?utm_source=rss&utm_medium=rss&utm_campaign=bitcoin-etf-options-hit-2b-on-day-one