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Alonso11
2021-03-10

A VIX-Like Gauge for Bitcoin Sees Its First-Ever Options Trade

BitVol index trade is a 1x2 call spread done at zero cost Benchmark is derived from tradable options

A VIX-Like Gauge for Bitcoin Sees Its First-Ever Options Trade

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Quantitative crypto asset management firm LedgerPrime was the market-maker, according to the statement, which added that the counterparty isa leadingglobal macro crypto asset manager.</p>\n<p>Crypto investors “will now be able to trade volatility as a distinct asset class,” said Simon Ho, the chief executive officer of T3Index.</p>\n<p><img src=\"https://static.tigerbbs.com/b67ebb0db9797e8cbecc3dc5f21a68e7\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Bitcoin’s price has soared in recent months, with the cryptocurrency hitting a record above $58,000 last month as big investors pile in and the asset class matures. The past few years have seen the asset class mature, including via greater establishment of&nbsp;crypto derivatives&nbsp;like those from regulated exchanges such as CME Group Inc.</p>\n<p>The BitVol index is derived from tradable options on the cryptocurrency, and is constructed using the simple variance swap methodology. It was launched&nbsp;in July&nbsp;and is designed to use the full range of option strikes to best capture the market outlook on expected volatility.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A VIX-Like Gauge for Bitcoin Sees Its First-Ever Options Trade</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA VIX-Like Gauge for Bitcoin Sees Its First-Ever Options Trade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 23:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BitVol index trade is a 1x2 call spread done at zero cost\nBenchmark is derived from tradable options on Bitcoin\n\nA Bitcoin “fear gauge” has seen its first trade.\nThe transaction off the T3i BitVol ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"http://bloomberg.com/news/articles/2021-03-10/a-vix-like-gauge-for-bitcoin-sees-its-first-ever-options-trade?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186760571","content_text":"BitVol index trade is a 1x2 call spread done at zero cost\nBenchmark is derived from tradable options on Bitcoin\n\nA Bitcoin “fear gauge” has seen its first trade.\nThe transaction off the T3i BitVol Index, which measures the 30-day implied volatility of Bitcoin, consisted of a March expiry 1-by-2 call spread that was bought for zero cost, according to a statement from T3. Quantitative crypto asset management firm LedgerPrime was the market-maker, according to the statement, which added that the counterparty isa leadingglobal macro crypto asset manager.\nCrypto investors “will now be able to trade volatility as a distinct asset class,” said Simon Ho, the chief executive officer of T3Index.\n\nBitcoin’s price has soared in recent months, with the cryptocurrency hitting a record above $58,000 last month as big investors pile in and the asset class matures. The past few years have seen the asset class mature, including via greater establishment of crypto derivatives like those from regulated exchanges such as CME Group Inc.\nThe BitVol index is derived from tradable options on the cryptocurrency, and is constructed using the simple variance swap methodology. 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