ChainCatcher news, Cointelegraph posted on the X platform that the trading volume on the first day of the BlackRock Bitcoin ETF options reached 1.9 billion dollars.

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."

ChainCatcher news, Strategas ETF strategist Todd Sohn stated that the launch of Bitcoin ETF options could trigger the emergence of new funds for these options. He explained, "Grayscale has already applied for a covered call option fund, and I believe BlackRock will also apply. Then the related market will gain some buffer, and any other trend-following strategies that come to mind will be implemented. I think the crypto options ecosystem will really start to take off from here."

ChainCatcher news, according to Bloomberg, Galaxy Digital's research director Alex Thorn stated that the listing of options for BlackRock's $43 billion IBIT could reduce volatility and increase the base of Bitcoin investors.Thorn said in an interview on Tuesday, "Over time, as it is held more widely, volatility will decrease, and options will help to suppress volatility. As volatility decreases, people can hold larger positions." Nasdaq began offering options trading for the ETF for the first time on Tuesday. Thorn mentioned that if volatility decreases, more investors will view Bitcoin as a fundamental use case rather than just a high-risk bet.He stated that options would allow institutions to hedge more against Bitcoin and increase liquidity, while also impacting retail trading during bull markets. He added that the crypto industry must also figure out how to maintain control as traditional finance enters the space.

ChainCatcher news, according to Trader T, spot Bitcoin ETF options will start trading today at 22:30 (UTC+8), planning to use unilateral bullish options (CALL) to predict the Bitcoin price in 59 days.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has approved the listing of multiple Bitcoin ETF options products on the Cboe Exchange and NYSE American.Cboe has been authorized to list options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB);NYSE American has been authorized to list options for the Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).According to documents, both exchanges have set a single-sided position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than other ETF options products. (Crowdfundinsider)

ChainCatcher news, according to Coindesk, based on two memos released by the U.S. Securities and Exchange Commission, the New York Stock Exchange will be allowed to list and trade options for the Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).Cboe Global Markets has been approved to list and trade options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB). A few weeks ago, the U.S. Securities and Exchange Commission approved Nasdaq's rule proposal allowing options for BlackRock's iShares Bitcoin Trust (IBIT) to be listed and traded.Many market participants believe that options trading on Bitcoin ETFs will increase institutional interest in cryptocurrencies and enhance overall liquidity.

ChainCatcher news, Bloomberg analyst James Seyffart stated that exchange-traded funds (ETFs) are likely to launch in the United States in the first quarter of 2025.Seyffart mentioned during a panel discussion at the Permissionless conference on October 9: "I think it's possible that options could launch before the end of this year, but it's more likely to be in the first quarter of 2025."In September, the U.S. Securities and Exchange Commission (SEC) authorized Nasdaq to list options linked to the BlackRock Bitcoin ETF, iShares Bitcoin Trust (IBIT). They are awaiting final approval from the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation (OCC).Seyffart stated: "Unlike the regulations from the SEC, the CFTC and OCC do not have strict deadlines, so they can delay further if they wish."

ChainCatcher news, according to Cryptonews, the Chicago Board Options Exchange (CBOE) has withdrawn its original application for a spot Bitcoin ETF option and resubmitted a more comprehensive version.Following this move, Bloomberg ETF analyst James Seyffart stated on X, "There will definitely be some changes to the Bitcoin ETF options." Seyffart clarified that the new document is a 44-page filing, replacing the original 15-page application. The updated document includes more detailed information, particularly regarding position limits and concerns about market manipulation.This suggests that the U.S. Securities and Exchange Commission may have provided feedback, leading to the enhanced application.

ChainCatcher news, Bloomberg analyst James Seyffart stated that he believes Bitcoin ETF options will be launched in the fourth quarter of this year.

ChainCatcher News: The U.S. Securities and Exchange Commission has delayed its decision to approve the Chicago Board Options Exchange (Cboe) for listing and trading Bitcoin ETF options. The regulator stated on Wednesday that the decision on the proposed rule change has been postponed until the end of April. The Chicago Board Options Exchange has not immediately responded to requests for comments on the delay.