According to ChainCatcher, 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 achieving a trading volume of $1.9 billion on the first day, totaling 354,000 contracts.
Over 80% of the trading volume for IBIT options on the first day were call options, reflecting the market's strong conviction in the rising price of Bitcoin. Trading activity was mainly concentrated on options expiring soon, with contracts expiring in December 2024 dominating.
The launch of BTC spot ETF options may accelerate institutional adoption, attracting new capital and experienced institutional traders. These tools allow investors to hedge risks and develop complex strategies to profit from Bitcoin's volatility.
