Grayscale will begin trading Bitcoin ETF options

Grayscale will start trading the Bitcoin ETF options for both products on November 21, following BlackRock’s IBIT options trading on the previous day, which reached $1.9 billion in a day. An American asset manager, Grayscale Investment LLC, announced on their X’s post on Nov. 20 that both of their Bitcoin spot ETF products will be available for options trading on Thursday. “Grayscale thrilled that Options trading on both $GBTC and $BTC will begin tomorrow, further the developing ecosystem around our U.S.-listed #Bitcoin ETP,” the company official X said. Grayscale Bitcoin Trust (GBTC)…

Franklin Templeton crypto index ETF delayed by SEC

Franklin Templeton, one of the crypto exchange-traded fund (ETF) issuers, has expressed interest in releasing the crypto index ETF, but the authorities are now delaying it. The Securities and Exchange Commission (SEC) detained the deadline for approving the crypto index ETF by Franklin Templeton. According to the filing on Nov. 20, the authorities raised their concern about the sufficient time they needed to decide whether it would be accepted or declined. “The Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so…

Bitcoin (BTC) Price Leads Crypto Market as ETF Options Traders Go Degen

Bitcoin (BTC) is eyeing record highs once again heading into Wednesday’s U.S. session. The largest crypto is trading just below $94,000, the new record from Tuesday, and leading the broader market with a 2% climb over the past 24 hours. Meanwhile, the broad-market CoinDesk 20 Index was little changed and large-cap altcoins ether (ETH) and solana (SOL) fell. Options on BlackRock’s spot bitcoin ETF (IBIT) saw staggering first-day trading activity yesterday, pushing the BTC price higher, analysts noted. Most of the activity focused on calls, representing a bullish view, with…

Grayscale Unveils Game-Changing Bitcoin ETF Options Strategy 

Grayscale Investments has announced plans to introduce options trading for its spot bitcoin exchange-traded funds (ETFs), taking a page from Blackrock’s recent success with bitcoin ETF options. The options trading will begin on Wednesday morning. This initiative is designed to leverage a covered call strategy to generate additional income. Both the Bitcoin Trust (GBTC) and […] Original

QCP Capital expects new institutional influx as Nasdaq debuts Bitcoin ETF options

BlackRock’s Bitcoin ETF options debut on Nasdaq is set to bring a new “wave of institutional investors” to the crypto market, analysts at QCP Capital say. Options on the iShares Bitcoin Trust could attract a new “wave of institutional investors,” seeking to generate yield on their long-term spot ETF holdings, analysts at Singapore-based trading firm QCP Capital say. In a Nov. 19 blog post, the analysts say that the introduction of IBIT options could drive an influx of high-net-worth investors, potentially leading to “further compression of implied volatility.” “This development…

Hedge Funds Double Down on Bitcoin ETF Holdings

Bitcoin exchange-traded funds (ETFs) remain preferred choice of investment for institutional investors seeking exposure to bitcoin. Hedge Funds Keep Diversifying Portfolio With Bitcoin The recent 13F Securities Exchange Commission (SEC) filing for end of Q3 revealed that hedge funds such as Millennium Management, Capula Management, and Tudor Investment boosted their exposure to U.S. spot bitcoin […] Original

Spot Bitcoin ETF Options are Here — And They Matter

With spot Bitcoin ETF options live, could we be witnessing the most key milestone for institutional crypto adoption yet? Read on. A milestone for crypto market On Nov. 18, a key update swirled the crypto market as the Options Clearing Corporation confirmed it was gearing up for the listing of options tied to Bitcoin (BTC) exchange-traded funds. This development came on the heels of the Commodities Futures Trading Commission granting its approval. Earlier this year, on Sep. 20, the U.S. Securities and Exchange Commission greenlit the first options for BlackRock’s…

Bitcoin (BTC) ETF Options Are a Big Deal. Here’s Why

Bitcoin ETF options trading in the U.S. is expected to start today. Options on BlackRock’s iShares Bitcoin Trust (IBIT) ETF cleared the last regulatory hurdle on Monday, and they could bring more institutional appetite for the largest cryptocurrency. “This marks a monumental shift,” 10x Research said in a Tuesday newsletter. The products “could attract significant trading volumes, potentially driving sharp price rallies in bitcoin,” it said. For example, MicroStrategy (MSTR), the Nasdaq-listed company that owns the largest corporate BTC treasury in the world, is punching above its weight due to…