Bitcoin record came with BlackRock ETF: $1.9 billion in volume on the first day

The peak in Bitcoin, which broke its new record with $93,905 last night, did not escape the eyes with the opening of BlackRock's Bitcoin spot ETF (IBIT) to option transactions. While ETF expert James Seyffart informed that a trading volume of 1.9 billion dollars was established for IBIT options on the first day, the excess of bullish "call options" drew attention.

While Donald Trump's victory in the US elections brings historic heights to Bitcoin, other developments add strength to the progress of the largest cryptocurrency. Finally, the permission of options trading by the SEC for the BlackRock spot ETF IBIT was also one of the positive developments.

It seems that the options trading, which experts attach great importance in terms of institutional purchases, will make Bitcoin more talk about on Wall Street in the coming period.

While options for IBIT, the Bitcoin ETF that has received the most investment by far, was opened for the first time yesterday, the record refresh of Bitcoin on the same trading day was not seen as a coincidence.