BlackRock's Bitcoin Trust Options Surpass $2 Billion in Notional Exposure
Options linked to BlackRock's iShares Bitcoin Trust (IBIT) exceeded $2 billion in notional exposure, with the launch receiving approval for just 25,000 contracts as a position limit. Industry standards suggest that bitcoin ETF options should have seen around 400,000 contracts, according to Jeff Park, Bitwise's head of alpha strategies. The options went live on Nasdaq on Tuesday, giving them a one-day head start over some competitors that begin trading on Wednesday. Another Bitcoin-linked product has seen success, following the trend of rising stablecoin liquidity and Bitcoin transactions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Navigating Crypto Volatility: How Bitcoin and Altcoins Influence Your Trading Choices
Understanding the Impact of Market Volatility on Crypto Trading: A Look at the Risk and Reward in Bitcoin and Altcoins
Bitcoin Plunge Signals Opportunity to Buy as USDT Flow Peaks in Six Months
Analyzing Stablecoin Spikes amid Bitcoin's Decline: A Sign of Impending Rally or a Word of Caution?
Keeping Faith in Bitcoin: Unraveling the 2017 Cycle and the Power of HODLing Strategy
Identifying Parallels Between BTC's Current Trends and Its Performance Four Years Prior - Should Investors Hold Firm or Alter Approaches?
Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?
Trending news
MoreCrypto prices
More
