ChainCatcher news, QCP Capital's latest analysis points out that NASDAQ has started trading options for the BlackRock Bitcoin Spot ETF (ticker: IBIT) today. The derivatives market for traditional assets is typically 10-20 times the market capitalization of the underlying asset, and this move will bring significant opportunities to the Bitcoin derivatives market. Institutional investors may focus on the yield generation from their long spot ETF positions, which could lead to further compression of implied volatility.The Q3 13F filings show that MicroStrategy's institutional holders have increased from 667 to 738, with Vanguard increasing its holdings by nearly 16 million shares, a growth of 1000%. Meanwhile, Goldman Sachs is planning to divest its digital asset platform, further highlighting the integration of cryptocurrency with traditional finance.In the options market, the $100,000 strike price for December still maintains the highest open interest. As the spot price stabilizes above $90,000, the implied volatility butterfly spread has decreased by 1 point compared to last week, which may lay the foundation for further Bitcoin price increases.

ChainCatcher news, Bloomberg's senior ETF analyst Eric Balchunas posted on social media, "The Bitcoin spot ETF has over 1,000 institutional holders in just two 13F reporting periods. This is unprecedented.There are 661 institutional holders for IBIT alone, with 20% of the shares held by institutions and large advisors, and this percentage is expected to reach 40% in the next 12 months. This is truly remarkable."It is reported that 13F is a document that the U.S. Securities and Exchange Commission (SEC) requires certain institutional investors to submit periodically, officially named "Form 13F." According to the regulations, investment management companies with assets under management exceeding $100 million (including hedge funds, pension funds, and other large investment institutions) must submit this report to the SEC quarterly.

ChainCatcher news reports that, according to Trader T, the number of institutional holders of spot Bitcoin ETFs significantly increased in the second quarter of 2024. BlackRock's IBIT has 582 institutional holders, a 34% increase from the first quarter, holding 118 million shares (excluding options), which is a 47% quarter-over-quarter increase.Fidelity's FBTC has 303 institutional holders, a 25% quarter-over-quarter increase, holding 50.4 million shares (excluding options), which is a 35% quarter-over-quarter increase. Bitwise's BITB has 139 institutional holders, a 35% quarter-over-quarter increase, holding 14.7 million shares (excluding options), which is a 50% quarter-over-quarter increase.

ChainCatcher news, some institutional holders of Grayscale Bitcoin and Ethereum funds have joined Alameda's lawsuit against Grayscale and launched GrayscaleLitigation.com to facilitate other holders in joining the plaintiffs.It is reported that Alameda initiated the lawsuit against Grayscale in March this year, seeking to reduce management fees and allow redemptions. Subsequently, Grayscale stated that plaintiffs need to hold at least 10% of the total trust fund, and currently, Fir Tree Partners, Saba Capital, Owl Creek Asset Management, Aristides Capital, and others have joined.