BlackRock Bitcoin ETF Options Trade $425 Million on Day One
The OCC has approved options trading on Bitcoin ETFs, and this new market is booming. In one day, BlackRock’s IBIT ETF options traded more than $425 million.
Traders’ predictions are extremely optimistic, with more than $6 million betting that Bitcoin will double in value within a month.
BlackRock’s Bitcoin ETF Options
since OCC Approved Options Trading for Bitcoin ETFthis new investment opportunity has been booming. For example, Grayscale has applied for a new cExcess call options, Bitcoin ETF. according to Bloomberg However, ETF analyst Eric Balchunas is the biggest winner It has always been BlackRock’s IBIT.
“There are hundreds of millions of options traded on IBIT so far (a ton on the first day). Here are the contracts by volume, almost all calls. Looking very bullish, especially the C100 on December 20 , basically betting that the price of BTC will double next month,” Balchunas said.
These Bitcoin Options Trading The total is well over $425 million and counting, and money is still flowing in. Those numbers are pretty impressive on their own, but Balchunas takes it a step further famous The put ratio is 0.17. This represents the ratio of bearish predictions to bullish predictions and shows that these traders are overwhelmingly betting on Bitcoin’s rise.
As of about 3 p.m., IBIT’s total trading volume cross $3 billion threshold. Even a week ago, $1 billion billed as strong performance.
These options trades have fueled the growth of leading Bitcoin ETFs, while other issuers such as Grayscale have barely entered the market.
Meanwhile, spot Bitcoin ETFs are also making strides. On Tuesday, Bitcoin ETFs recorded As BTC hit a new all-time high, inflows reached $816.4 million.
These massive inflows of new money have fueled BlackRock’s continued Bitcoin investments. according to data ETF analyst Shaun Edmondson said that U.S. issuers have purchased a total of more than 2,800 BTC since Monday.
BlackRock alone purchased over 1,000 Bitcoins. and, ETF issuers currently hold more than 5% of total Bitcoin supply.
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