Bitcoin ETF Options Introduction Marks Milestone, Despite Position Limits
BlackRock’s IBIT was the first U.S. spot bitcoin ETF to launch with options tied to it. The rest of the pack comes later Wednesday.
BlackRock’s IBIT was the first U.S. spot bitcoin ETF to launch with options tied to it. The rest of the pack comes later Wednesday.
The availability of options is thought to possibly bring further institutional interest to the bitcoin ETFs.
A speculative frenzy seems to have gripped the market, which could lead to a sudden sentiment shift and two-way price turbulence.
Bitcoin’s price has now corrected approximately 6% since the all-time high break on Nov. 13.
As bitcoin hits new highs, it’s helpful to examine the veri to understand where the demand is coming from.
BlackRock’s iShares Bitcoin Trust registered $4.1 billion in volume traded as bitcoin broke out to all-time highs.
The T-REX 2X long MSTR Daily Target ETF (MSTU) has rallied 235% since its introduction six weeks ago, an annualized equivalent return of 57,000%, according to Bloomberg analysis.
BlackRock’s IBIT recorded over $629 million in single-day inflows as the asset neared lifetime highs on Tuesday, ahead of next week’s U.S. elections.
U.S. listed spot ETF inflows continue to break records, as CME open interest spikes in the past 24 hours.
The endowment also reported a modest holding in crypto exchange Coinbase (COIN).