BlackRock Spot Bitcoin ETF Options On Nasdaq Rack Up 9-Figure Trading Volume In First Few Hours: ‘Seems Very Bullish,’ Says Analyst
NASDAQ began listing options on BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) today, a move that is expected to revolutionize how institutional investors engage with Bitcoin (CRYPTO: BTC), providing them with a regulated and accessible avenue to hedge positions and generate yield.
What Happened: According to Eric Balchunas, Senior ETF Analyst at Bloomberg, options volume for IBIT exceeded several hundred million by mid-day, with most of them betting on rising Bitcoin prices.
The availability of options on IBIT brings a significant development to the U.S.-based Bitcoin ETF landscape, where BlackRock’s IBIT stands out as the only ETF listed on NASDAQ.
Options, as derivatives, allow investors to buy or sell IBIT shares at a predetermined price …
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