Bitcoin ETF options make debut, setting a new historical high

——BlackRock's IBIT options trigger record trading of 13,600,357,604

On November 19, 2024, BlackRock's first spot Bitcoin ETF—the iShares Bitcoin Trust (IBIT) options officially launched and quickly sparked a market frenzy. The total trading volume on the first day reached $4.28 billion, pushing Bitcoin prices to a historic high.

Bloomberg's ETF analyst James Seyfarth stated that the first-day trading volume of IBIT options reached 354,000 contracts, of which 289,000 were call options and 65,000 were put options, with the trading amount approaching $1.9 billion. This ratio reflects investors' bullish sentiment towards Bitcoin, significantly driving up Bitcoin prices.

In contrast, the trading volume when the first Bitcoin strategy ETF (BITO) was launched was $363 million, while IBIT's performance far exceeded this figure, indicating strong demand for Bitcoin-related financial products in the market.

This successful initial trading showcases the immense potential of the Bitcoin ETF options market. As Grayscale also plans to launch its own spot Bitcoin ETF options, market competition is expected to intensify, and the landscape for institutional-grade cryptocurrency investment products is likely to develop rapidly in the future.

In short, the launch of Bitcoin ETF options has brought new vitality to the cryptocurrency market and attracted the attention of a large number of investors. #MEME趋势风向 #BTC何时突破10万？