{"id":2970,"date":"2024-11-19T18:47:32","date_gmt":"2024-11-19T18:47:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2970"},"modified":"2024-11-19T18:47:32","modified_gmt":"2024-11-19T18:47:32","slug":"blackrock-spot-bitcoin-etf-options-on-nasdaq-rack-up-9-figure-trading-volume-in-first-few-hours-seems-very-bullish-says-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2970","title":{"rendered":"BlackRock Spot Bitcoin ETF Options On Nasdaq Rack Up 9-Figure Trading Volume In First Few Hours: &#8216;Seems Very Bullish,&#8217; Says Analyst"},"content":{"rendered":"<div>\n<p><strong>NASDAQ<\/strong> began listing options on <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42058823\/blackrocks-spot-bitcoin-etf-to-open-for-options-trading-heres-why-it-could-be-a-big-deal-for-bitcoin\">BlackRock\u2019s<strong> iShares Bitcoin Trust<\/strong><\/a> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) today, a move that is expected to revolutionize how institutional investors engage with <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), providing them with a regulated and accessible avenue to hedge positions and generate yield.<\/p>\n<p><strong>What Happened: <\/strong>According to <strong>Eric Balchunas<\/strong>, 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.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A few hundred million so far in options volume on <a href=\"https:\/\/twitter.com\/search?q=%24IBIT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$IBIT<\/a> (a ton for Day One).. here&#8217;s a rank of the contracts by volume, it&#8217;s almost all calls. Seems very bullish, esp the Dec20th C100, which is basically betting price of btc will double in the next month. <a href=\"https:\/\/t.co\/R6HB7OMUla\">pic.twitter.com\/R6HB7OMUla<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1858916477384225005?ref_src=twsrc%5Etfw\">November 19, 2024<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<p>The availability of options on IBIT brings a significant development to the U.S.-based Bitcoin ETF landscape, where BlackRock&#8217;s IBIT stands out as the only ETF listed on NASDAQ. <\/p>\n<p>Options, as derivatives, allow investors to buy or sell IBIT shares at a predetermined price &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42071163\/blackrock-spot-bitcoin-etf-options-on-nasdaq-rack-up-9-figure-trading-volume-in-first-few-\" alt=\"BlackRock\" spot bitcoin etf options on nasdaq rack up trading volume in first few hours: very bullish says analyst>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>NASDAQ began listing options on BlackRock\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2970","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2970"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2970\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}