Options on the spot Bitcoin ETF from BlackRock, iShares Bitcoin Trust ETF (IBIT), reached nearly $2 billion on the first day of trading. This could have pushed Bitcoin to a new high of over $94,000. 📉

- Trading of IBIT options amounted to 354,000 contracts.

- Analysts believe this caused the rise in BTC.

- The put/call ratio was 0.225, indicating a predominance of optimism.

Grayscale is also preparing to launch options on its Bitcoin ETFs.