On their debut, IBIT options amassed nearly $2 billion in notional exposure via 354k contracts, making it 'unheard of' in terms of volume for new options.
'These options were almost certainly part of the move to the new Bitcoin all-time highs today,' said Bloomberg Intelligence analyst James Seyffart, analyzing market trends.
The introduction of IBIT options is poised to attract more institutional engagement with bitcoin, enabling various investment and risk management strategies for users.
Options trading on IBIT can shift market dynamics, enhancing liquidity and providing tools for hedging or speculating on BTC price movements.
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