BlackRock's Bitcoin ETF options generate nearly $2 billion in trading on the first day

BlackRock's Bitcoin ETF options recorded nearly $2 billion in trading on the first day, specifically around $1.9 billion, according to data from Bloomberg. A total of approximately 354,000 contracts were executed, with 289,000 call orders and 65,000 put orders, indicating significant optimism among investors about Bitcoin's potential for price increases. The ratio of buy contracts to sell contracts reached 4.4:1, reflecting strong confidence that Bitcoin's price will continue to rise sharply in the near future.

This is an important milestone in the history of cryptocurrency trading, demonstrating the continued increasing demand for Bitcoin ETF products in the U.S. BlackRock's entry into this market is expected to attract more institutional and individual investors, making cryptocurrency-related financial products more appealing. This bustling trading not only provides momentum for Bitcoin's price but also opens up new avenues for derivative products in the cryptocurrency sector.