Spot Bitcoin ETF options have debuted on the Nasdaq, starting with BlackRock’s iShares Bitcoin Trust ETF (IBIT), providing new tools for investors to manage risk and Bitcoin’s volatility.
In the first hour of trading, nearly 73,000 IBIT options contracts were exchanged, placing it among the most active non-index options. By day’s end, the total volume reached around 354,000 contracts, valued at about $1.9 billion, with a 4.4:1 call-to-put ratio, reflecting strong institutional demand.
The launch highlights growing interest in regulated Bitcoin derivatives, boosting liquidity and market efficiency. Grayscale is also preparing to offer options on its Bitcoin Trust ETFs, expanding options for crypto investors.
This launch coincided with Bitcoin hitting a new all-time high of $93,826, signaling increased institutional confidence. Analysts suggest Bitcoin’s rally could continue, with some predicting future highs of $200,000, driving up altcoins like Ethereum and Solana.
The surge in options trading underscores Bitcoin’s growing role in mainstream finance. Institutional investors are now able to use advanced strategies such as covered calls and buffer funds to optimize returns, further cementing Bitcoin’s place in traditional investment portfolios.
European banking giant UniCredit is preparing to offer its professional clients a new investment product linked to BlackRock’s spot Bitcoin ETF (IBIT), according to a report by Bloomberg.
Connecticut has officially distanced itself from government adoption of digital assets like Bitcoin. On June 30, Governor Ned Lamont signed House Bill 7082 into law, placing sweeping restrictions on how the state and its agencies can engage with cryptocurrencies.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.