Bitcoin ETF

Bitcoin

BlackRock

A big event happened for Bitcoin yesterday with the launch of spot Bitcoin ETF options.
BlackRock’s spot Bitcoin ETF (IBIT) became the first Bitcoin exchange-traded fund to receive approval for options, while Blackrock’s IBIT fund generated approximately $1.9 billion in volume on its first day.
With BlackRock’s spot Bitcoin ETF being opened for options trading, a new peak of $93,905 came in the BTC price.
<h2 id="great-success">Great Success!</h2>
ETF analysts described this as “an unprecedented achievement,” while Bloomberg senior ETF analyst James Seyffart highlighted the success of IBIT options on the first day.
Drawing attention to the abundance of bullish “call options”, Seyffart stated that this success of BlackRock options brought a new ATH to BTC.
<blockquote>
 “The final total for the first day of IBIT options reached $1.9 billion in volume, with 354,000 contracts traded.
 Of the contracts, 289,000 were Call options and 65,000 were Put options. That's a 4:1 ratio.
 These options were definitely part of the move to new all-time highs for Bitcoin today.”
</blockquote>
Experts stated that institutional demand will increase exponentially with Bitcoin options, and that option transactions will direct Wall Street investors more to Bitcoin in the coming period.
“$1.9 billion in trading volume is unheard of for day one,” said Eric Balchunas, another Bloomberg analyst, about the BlackRock IBIT fund’s success. “For context, BITO has done $363 million and has been around for four years.”
https://twitter.com/JSeyff/status/1858991206476509659
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/blackrock-options-breaks-record-on-day-one-new-ath-in-btc/" rel="noopener noreferrer nofollow">BlackRock Options Breaks Record on Day One: New ATH in BTC!</a>

BlackRock Options Breaks Record on Day One: New ATH in BTC!

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