- Trading options on BlackRock’s iShares Bitcoin Trust begins on Tuesday on Nasdaq, while Bitwise Bitcoin ETF options will start on Wednesday.
- BlackRock’s IBIT ETF led with around $88 million inflows on Monday, followed by Fidelity’s FBTC with $60 million.
- Bitcoin spot ETFs collectively hold a net asset value of $95.93 billion, representing 5.3% of Bitcoin’s market value.
Options trading for BlackRock's iShares Bitcoin Trust (IBIT) is expected to start on Nasdaq on Tuesday, and Bitwise Bitcoin ETF options will begin trading this Wednesday, Nasdaq head of ETP listings Alison Hennessy told Bloomberg on Monday.
In September, the US Securities and Exchange Commission (SEC) approved options for spot Bitcoin ETFs on various exchanges, enabling these launches.
Options trading is a key element of advanced financial markets. It involves contracts that give the holder the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specified time period. The contracts will concentrate on Bitcoin ETFs, providing new options for hedging and speculation.
Bitwise Invest CEO Hunter Horsley announced on X (formerly Twitter) that options for their BITB ETF will launch on Wednesday.
We expect options on the Bitwise Bitcoin ETF ( $BITB ) to begin trading Wednesday.
— Hunter Horsley (@HHorsley) November 19, 2024
BITB traded around $115M of volume today, with AUM near $4B.
As ever, the public addresses allowing investors to verify the Bitcoin holdings are published on the ETP website and 10% of gross…
Bitcoin ETFs see a surge in inflows
Bloomberg analyst James Seyffart has commented on the imminent launch of options trading for Bitcoin ETFs. “It appears that $BITB and likely other Bitcoin ETFs will begin options trading on Wednesday,” he stated.
Looks like $BITB and I’m assuming other Bitcoin ETFs are going to see options trading start on Wednesday. https://t.co/HWPRDieWjt
— James Seyffart (@JSeyff) November 19, 2024
The launch occurs alongside notable inflows into Bitcoin spot ETFs. On Monday, Coinglass data showed that BlackRock’s iShares Bitcoin Trust (IBIT) had a daily inflow of $87.95 million, the highest among all 11 US-listed spot ETFs that day.
Source: Total Bitcoin spot ETF net inflow (Coinglass)
Now that options trading for these ETFs have begun, people in the market are waiting for more institutions to get involved and for the crypto world to become more widely accepted.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Crypto Today: Poland to adopt BTC as Hedera, Tezos rally alongside Microstrategy investing another $4.6B
While Solana’s daily time frame gains were subdued at 2.2%, the SOL price action drew attention on Monday as traders brace for a potential breakout to new all-time highs.
Bitcoin could see another parabolic run following rising institutional interest
Bitcoin (BTC) began the week positively, rising over 3% above the $91K threshold on Monday. Despite the recent rise, BTC could begin another extended bullish move as top firms are increasing their Bitcoin holdings and potentially adopting it as a reserve asset.
Ethereum Price Forecast: ETH risks decline to $2,258 as exchange reserves continue uptrend
Ethereum (ETH) is up 1% on Monday after ETH ETFs hit a record $515.5 million inflows last week. However, rising exchange reserves and realized losses could trigger bearish pressure for the top altcoin.
SOL Price Forecast: Solana nears all-time high as VanEck, BONK spark $2.9B inflow
Solana (SOL) price reached a new monthly time frame peak of $248 on Monday, November 18, up 60% within the last 14 days. Derivatives market trends signal potential for more upside as bulls set their sights on new all-time high.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.