IBIT trading options launch, Bitcoin tap new all-time high $94k

CoinMarketCap11-20 10:59

BlackRock, the largest asset management in the world, officially launched iShares Bitcoin Trust ETF (IBIT) for options trading in Nasdaq, while Bitcoin (BTC) hit an all-time high of $94,041. Since the...

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Now, IBIT goes live on the U.S. stock market.According to Bloomberg Intelligence ETF analyst James Seyffart, in his X’s post on Nov. 19, there are 289,000 call options and 65,000 put options in a day of trading. Meaning that the bet on price increases and expects the Bitcoin price to rise.The notional exposure through the total options of 354,000 is $1.9 billion, which indicates that this crypto product’s level of market interest is relatively high. Seyffart also noted that this market move boosted the Bitcoin price to hit a new all-time high of $94,041 today.You might also like:  Crypto derivatives","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BITO":"ProShares Bitcoin ETF","FDN":"First Trust Dow Jones Internet I","BK4588":"碎股","BK4550":"红杉资本持仓","BTC":"Grayscale Bitcoin Mini Trust","HODL":"VanEck Bitcoin Trust ETF","EZBC":"Franklin Bitcoin ETF","GBTC":"Grayscale Bitcoin Trust","BK4585":"ETF&股票定投概念","BRRR":"Valkyrie Bitcoin Fund","GLD":"SPDR黄金ETF","BK4504":"桥水持仓","BTCO":"Invesco Galaxy Bitcoin ETF","BTCW":"WisdomTree Bitcoin Fund","FBTC":"Fidelity Wise Origin Bitcoin Fund","DEFI":"Hashdex Bitcoin ETF","IBIT":"iShares Bitcoin Trust","BK4570":"地缘局势概念股","BITB":"Bitwise Bitcoin ETF","BK4594":"比特币ETF概念"},"translate_title":"IBIT交易期权推出，比特币创历史新高9.4万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IBIT":1,"GLD":1,"BITB":1,"BTC":1,"FDN":0.9,"BRRR":0.62,"BTCO":0.62,"BTCW":0.62,"DEFI":0.62,"EZBC":0.62,"FBTC":0.62,"GBTC":0.62,"HODL":0.62,"BITO":0.62},"content_text":"BlackRock, the largest asset management in the world, officially launched iShares Bitcoin Trust ETF (IBIT) for options trading in Nasdaq, while Bitcoin (BTC) hit an all-time high of $94,041.\nSince the Securities and Exchange Commission (SEC) approved Bitcoin ETF trading options in September, IBIT is the first crypto product to reach the final clearing steps in the past four days and was approved on Nov. 18. Now, IBIT goes live on the U.S. stock market.\nAccording to Bloomberg Intelligence ETF analyst James Seyffart, in his X’s post on Nov. 19, there are 289,000 call options and 65,000 put options in a day of trading. Meaning that the bet on price increases and expects the Bitcoin price to rise.\nThe notional exposure through the total options of 354,000 is $1.9 billion, which indicates that this crypto product’s level of market interest is relatively high. Seyffart also noted that this market move boosted the Bitcoin price to hit a new all-time high of $94,041 today.\nHe also mentioned that the ratio of the trading options is 4.4:1, demonstrating a strong signal from the traders about their optimism about future trading.\nAnother Bloomberg ETF analyst, Eric Balchunas, in his X’s post, compares IBIT with another product released product from two decades ago, SPDR gold trust (GLD), which trades for $5 billion today.\n Read more:  Spot Bitcoin ETF options are here — and they matter more than you think  \nAnother yet to come following IBIT\nAfter the IBIT trading options start, the market still awaits the approval of another Bitcoin ETF trading option. Bitwise Bitcoin ETF (BITB) was also the most expected Bitcoin ETF trading option to launch this week.\nThis trading option is one of the most important milestones for the crypto industry since it would bring a new level of sophisticated trading. The traders could also ride these waves by watching the institutional holding and speculating on the price movement without investing in a large number.\n\n\n\n  1 Day BTC price chart, September 4 – November 20, 2024 | Source: crypto.news\n\n\nBitcoin price hit a new all-time high of $94,041 after the trading option launched in the U.S. The trading volume rises to $85 billion, and market capitalizations rise to $1.8 trillion.\n You might also like:  Crypto derivatives: A tale of two trading options | Opinion","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484132835"}