BlackRock Bitcoin ETF options debut with 80% bullish outlook, investor optimism intensifies

2024-11-20 16:33:13

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ChainCatcher news, the Nasdaq Stock Exchange listed options for BlackRock's iShares Bitcoin Trust ETF on Tuesday. Data shows that over 350,000 contracts changed hands, with about 80% being bullish bets. Among the 10 most traded options, 9 were betting on an increase. The most traded was a call option expiring in January with a strike price of $55, followed by a call option expiring in December with a strike price of $65, which is 25% higher than the ETF's closing price on Monday. Bitcoin reached a historic high of $94,032 on the day the options contracts were listed.

Some investors expect that U.S. Bitcoin ETF options will attract more capital inflow. Caroline Mauron, co-founder of Orbit Markets, stated that the options trading volume is a "good start, showcasing the increasing connection between the crypto-native ecosystem and traditional financial markets. While the volume itself is not yet enough to influence the direction of the underlying asset, the positive news has indeed fueled bullish sentiment."

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