Spot Bitcoin ETF Options Debut on Nasdaq With Record Trading: Details

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Spot Bitcoin ETF options officially debuted on the Nasdaq, marking a pivotal development for the cryptocurrency market.

. This milestone underscores the growing institutional interest in crypto-related financial instruments.

Spot Bitcoin ETF Options Launch on Nasdaq with Record 73K Contracts Traded

Options trading on BlackRock’s iShares Bitcoin Trust ETF (IBIT) launched on the Nasdaq, with an impressive 73,000 contracts exchanged in the first hour of activity. According to Nasdaq, this initial surge places IBIT among the most active non-index options, showcasing strong market demand.

James Seyffart from Bloomberg reported that the final tally of IBIT’s first trading day included nearly 354,000 contracts traded. This translates to almost $1.9 billion in notional exposure.

Moreover, the breakdown revealed 289,000 call options and 65,000 put options, highlighting a call-to-put ratio of 4.4:1. This level of activity reflects institutional investors’ growing appetite for regulated Bitcoin derivatives.

The Bloomberg analyst added,

“These options were almost certainly part of the move to the new Bitcoin all time highs today.”

The launch of Bitcoin ETF Options today has sparked optimism in the crypto market, with analysts anticipating a potential BTC rally to $200K.

Institutional Investors Embrace Options

More so, an

Fund managers are already leveraging options like covered calls to optimize returns. Todd Sohn, an ETF strategist at Strategas, suggested that introducing Spot Bitcoin ETF options will inspire new strategies such as buffer funds. 

Bitcoin Surges to All-Time High

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