ChainCatcher news, Kaiko released a report stating that ETF options are the latest bullish signal for BTC. Last week, several BTC ETF options made their debut, with BlackRock's IBIT options reaching a notional trading volume of $1.9 billion on the first day, totaling 354,000 contracts. In comparison, BITO options had a trading volume of $360 million when they launched in 2021. This strong buying power highlights the robust demand for BTC-linked derivatives and bullish market sentiment.Notably, over 80% of the IBIT first-day options trading volume was in call options, reflecting a strong belief in the price increase of Bitcoin. Trading activity was primarily concentrated on options with near-term expirations, with contracts expiring in December 2024 dominating. The share of IBIT call options significantly exceeded that of the largest crypto-native options market, Deribit, where call options accounted for 64% of trades.The launch of BTC spot ETF options could further accelerate institutional adoption. These tools allow investors to hedge risks and devise complex strategies to profit from Bitcoin's volatility. Additionally, they could drive the creation of structured products, which offer customized investments with specific risk-return characteristics, often developed by large financial institutions. This could attract new capital and a new wave of experienced institutional traders.

ChainCatcher news, according to regulatory documents from November 25, the MIAX Sapphire Options Exchange has submitted revised rules to launch options trading for three Bitcoin exchange-traded funds (ETFs).The new rules allow MIAX Sapphire to introduce options products for Grayscale Bitcoin Trust (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB).As one of the exchanges under Miami International Holdings in the United States, MIAX Sapphire will join giants like Nasdaq and the New York Stock Exchange (NYSE) to offer options trading related to spot Bitcoin ETFs. In addition, MIAX Sapphire also provides options trading services for commodity ETFs such as gold, silver, and platinum.

ChainCatcher news, K33 Research's research director Vetle Lunde stated in an interview with CNBC that the futures open interest at the Chicago Mercantile Exchange has reached an all-time high. This is currently the primary way most U.S. institutions are purchasing Bitcoin futures contracts, but many traders have been waiting for spot Bitcoin ETF options from major exchanges like the New York Stock Exchange and Nasdaq, as it could enhance liquidity and provide hedging tools.Vetle Lunde added that the demand for leveraged long exposure to Bitcoin and Ethereum is on the rise, and VolatilityShares' BTC exposure has also previously reached an all-time high.

ChainCatcher news shows that according to SoSoValue data, BlackRock's Bitcoin spot ETF (IBIT) had a total of 354,000 options contracts traded this Tuesday, with a nominal trading volume of $1.86 billion, indicating extremely high market enthusiasm on its first day of listing. The options also drove a 32% month-over-month increase in IBIT trading volume. Among all traded contracts, 288,700 were call options and 65,000 were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of $55-$60. Corresponding to Tuesday's closing price of IBIT, there is an increase of 4.4%-13.9%, and SoSoValue analysts stated, "This roughly corresponds to a Bitcoin price of $97,000-$105,000, indicating that the market expects Bitcoin to reach $100,000 before Trump officially takes office." Notably, the implied volatility for January options is between 68%-69%, compared to IBIT's 60-day historical volatility in the 55% range, with implied volatility exceeding historical volatility, indicating that investors prefer to hold options rather than sell them.Additionally, Grayscale's spot Bitcoin ETF GBTC and BTC options trading will also begin its debut trading this Wednesday.

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, 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, Matrixport released daily charts, indicating that the current actual volatility of Bitcoin is relatively low compared to the bull markets of 2020/2021. This may be due to the rise of high-volatility alternative assets (such as meme coins) or the gradual replacement of more volatile retail traders by institutional investors, who are becoming the dominant force in the market.Currently, Bitcoin spot ETF options have officially launched, providing a new window for observing market dynamics. Against the backdrop of Bitcoin's 30-day actual volatility being at a moderate level, traders may push up implied volatility by buying call options or profit from attractive volatility premiums by selling options.The addition of an active options market is another important milestone for Bitcoin's financialization, expected to enhance market liquidity and attract more participation from professional investors.

ChainCatcher news reports that the Options Clearing Corporation (OCC) has announced on its official website that it is preparing to launch spot Bitcoin ETF options. According to the disclosed notice, the OCC is preparing for the clearing, settlement, and risk management of spot Bitcoin ETF options, which will comply with the new options listing process outlined in the options listing program.Previously, ChainCatcher reported in October that the U.S. Securities and Exchange Commission (SEC) approved the listing of multiple Bitcoin ETF options products on the Cboe Exchange and NYSE American. Cboe was approved to list options for the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB); NYSE American was approved to list options for the Grayscale Bitcoin Trust ETF (GBTC), Grayscale Bitcoin Mini Trust (BTC), and Bitwise Bitcoin ETF (BITB). Earlier, the SEC had approved options trading for the iShares Bitcoin Trust (IBIT) under BlackRock.According to the documents, both exchanges have set a single-side position limit of 25,000 contracts for each Bitcoin ETF option, which is lower than that of other ETF options products. As of August 30, 2024, GBTC has issued approximately 367 million shares, with a market value exceeding $13.4 billion; BITB has issued approximately 68.7 million shares; FBTC has issued over 201 million shares, with a six-month trading volume exceeding 1.1 billion shares; ARKB has issued approximately 45.5 million shares, with a six-month trading volume exceeding 297 million shares.

ChainCatcher news, Bloomberg analyst Eric Balchunas posted on social media that the CFTC has just released a notice clearing the way for the listing of spot Bitcoin ETF options.This is the second obstacle that needs to be cleared after the SEC. Now we just need to wait for the OCC (Options Clearing Corporation) to list it.

ChainCatcher news, according to The Block, the U.S. SEC has again postponed its decision on whether to approve the request for listing spot Ethereum ETF options on the New York Stock Exchange (NYSE).In the submitted documents, the SEC stated that the delay is intended for further analysis and public opinion, particularly regarding whether the proposed rule changes meet the requirements of the Securities Exchange Act.The SEC emphasized concerns about the potential impact of the proposal on preventing market manipulation, protecting investors, and ensuring a fair trading system, which fall under the provisions of Section 6(b)(5) of the Securities Exchange Act.

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)