As a seasoned researcher with a keen interest in the evolving world of cryptocurrencies, I find myself utterly thrilled by this latest development. Grayscale, a pioneer in the Bitcoin ETF space, is taking another giant stride forward by enabling options trading on their flagship products – GBTC and BTC. This move, following BlackRock’s successful foray into options trading with iShares Bitcoin Trust (IBIT), signals a maturing market that’s increasingly accommodating sophisticated investment strategies.
Starting from November 21, Grayscale plans to initiate transactions for Bitcoin ETF options for both its products, mirroring BlackRock’s IBIT options trading that occurred the day before, amassing a staggering $1.9 billion in a single day.
On November 20th, Grayscale Investment LLC, an American investment firm, made an announcement through a social media post X, stating that starting from Thursday, their two Bitcoin spot ETF products would become accessible for options trading.
Company official X is excited that options trading for both GBTC and BTC will start tomorrow, which adds to the growing environment surrounding our U.S.-listed Bitcoin ETP.
As a researcher, I’m excited to share that the Grayscale Bitcoin Trust (GBTC) and its mini-version (BTC) are set to become the second Bitcoin-related products available for trading in options. This decision comes following approval from the Options Clearing Corporations (OCC).
Because GBTC, launched back in 2013, is their pioneering product, the firm situated in Stamford extends its gratitude to the persistent investor who keeps supporting their Bitcoin and cryptocurrency-oriented offerings in the upcoming article.
Grayscale and Bitwise following IBIT’s success story
Today, another trading option becomes available: the Bitwise Bitcoin ETF (BITB). With this product, both institutional investors and individual investors can manage their risk exposure and engage in advanced trading tactics.
The three items will be exchanged on the New York Stock Exchange’s Arca platform, a place that has already handled over 11,000 different financial instruments previously listed there.
Prior to engaging in options trading, BlackRock’s iShares Bitcoin Trust (IBIT) debuted on the market, holding potential exposure of up to $1.9 billion. In a single day, there were 289,000 call options and 65,000 put options traded, amounting to a total of 354,000 options. This significant number suggests a high degree of investor curiosity or interest in the market.
According to analysts, this exposure represents a significant opportunity for trading on its debut day and helps bolster Bitcoin’s value, pushing it to an unprecedented high of $94,041, as it achieved a fresh record price the previous day.
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2024-11-21 05:24