According to ChainCatcher, Kaiko released a report saying that ETF options are the latest bullish signal for BTC. Last week, multiple BTC ETF options debuted, and BlackRock's IBIT options had a first-day trading volume of $1.9 billion, totaling 354,000 contracts.
More than 80% of IBIT’s first-day options trading volume was call options, reflecting the market’s strong belief in the rise of Bitcoin prices. Trading activity was mainly concentrated in options with near-term expiration, with December 2024 expiring contracts dominating.
The launch of BTC spot ETF options could accelerate institutional adoption, attracting new capital and experienced institutional traders. These tools allow investors to hedge risk and develop complex strategies to profit from Bitcoin volatility.
