Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Grayscale Investments, a leading crypto asset manager, is ready to launch options trading for Bitcoin ETFs, beginning Wednesday. This move comes just a day after BlackRock’s iShares Bitcoin Trust (IBIT) saw record-breaking options trading, which helped push Bitcoin’s price to a new all-time high. 
Grayscale will offer options trading on its Grayscale Bitcoin Trust (GBTC) and Bitcoin Mini Trust (BTC). The company aims to strengthen the ecosystem around its US-listed Bitcoin exchange-traded products (ETPs) and provide more opportunities for investors. This follows a recent approval by the Options Clearing Corporation (OCC), allowing options on Bitcoin ETFs to officially begin trading. 
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 Source: <a href="https://x.com/Grayscale/status/1858984064113668388" target="_blank" rel="noreferrer noopener nofollow">Twitter</a>
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Bloomberg ETF analyst Eric Balchunas <a href="https://x.com/EricBalchunas/status/1858916477384225005?t=6-H1PQN3WHedeSiegGHCyQ&amp;s=19" target="_blank" rel="noreferrer noopener nofollow">highlighted</a> the significance of BlackRock’s IBIT launch, which saw nearly $1.9 billion in notional exposure traded on its first day, setting a new benchmark for Bitcoin ETF options. The options were primarily focused on calls, indicating strong investor optimism that Bitcoin’s price will continue to rise. 
Grayscale’s move to launch options comes a year after its legal victory against the U.S. Securities and Exchange Commission (SEC), which ordered the SEC to revisit its rejection of Grayscale’s attempt to convert its Bitcoin Trust into a spot ETF.&nbsp; 
The introduction of options trading on spot Bitcoin ETFs is seen as a major step in the maturation of the crypto market. With Bitcoin now firmly positioned as a mainstream asset, financial experts like Nathan McCauley, CEO of Anchorage Digital, view this as a sign that Bitcoin is becoming a part of institutional investment portfolios, alongside stocks, bonds, and commodities. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/11/15/us-spot-bitcoin-etfs-top-5b-in-trading-volume-ibit-alone-3b/" target="_blank" rel="noreferrer noopener">US Spot Bitcoin ETFs Top $5B In Trading Volume, $IBIT Alone Did $3B</a> 
</blockquote>

Grayscale Joins Bitcoin ETF Options Trend with GBTC Move

The Crypto Times

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