Bitcoin

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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/blackrocks-ishares-bitcoin-trust-etf-options-hit-1-9b-on-debut/" rel="noopener noreferrer nofollow">BlackRock&#39;s iShares Bitcoin Trust ETF Options Hit $1.9B on Debut</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.BlackRock’s iShares Bitcoin $98485 Trust ETF (IBIT) options debuted this week on Nasdaq, marking a significant entry into the <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">cryptocurrency </a>market.According to James Seyffart, an analyst with Bloomberg Intelligence ETF, IBIT options reached approximately $1.9 billion in positions on their first day of trading. Seyffart noted that the majority of IBIT transactions involved call options, which grant investors the right to buy Bitcoin at a specified price within a certain timeframe, while put options provide the right to sell.<blockquote>“The total option volume on IBIT’s first day reached approximately $1.9 billion in positions, with 289,000 call contracts and 65,000 put contracts, indicating a 4.4:1 ratio. These options are likely part of Bitcoin’s recent surge to new all-time highs.” -James Seyffart</blockquote>Read Also:<a href="https://cryptosnewss.com/investors-question-microstrategys-bitcoin-driven-valuation/" rel="noopener noreferrer nofollow"> Investors Question MicroStrategy&#39;s Bitcoin-Driven Valuation</a>The high ratio of call options to put options suggests that investors are optimistic about rising Bitcoin prices. Furthermore, the concentrated demand for call options strongly supports the prevailing view that this upward trend may continue into the first quarter of next year.Seyffart also stated that IBIT options have contributed to Bitcoin reaching new high levels. This strong performance continues to attract investor interest and creates a positive atmosphere in the crypto market. Over the last 24 hours, BTC prices soared to $98,988, nearing the crucial $100,000 mark.In conclusion, BlackRock’s launch of IBIT ETF options is considered a pivotal step supporting Bitcoin’s potential for value appreciation. As investors continue to monitor this development, the dynamics of the market will be watched with great interest.The post <a href="https://cryptosnewss.com/blackrocks-ishares-bitcoin-trust-etf-options-hit-1-9b-on-debut/" rel="noopener noreferrer nofollow">BlackRock&#39;s iShares Bitcoin Trust ETF Options Hit $1.9B on Debut</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

BlackRock's iShares Bitcoin Trust ETF Options Hit $1.9B on Debut

Cryptos Newss

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