"$1.9b is unheard of for day one. For context, BITO did $363m, and that's been around for four years. And also this is with 25,000 contract position limits... give it a few more days/weeks" - Eric Balchunas, Senior Bloomberg ETF analyst.
"The interesting part of Balchunas’s statement is that the position limit size in IBIT and other bitcoin ETF options is tighter than those in traditional finance... a market participant can only hold or control a maximum of 25,000 contracts" - Article.
"According to Bitwise's head of alpha strategies, Jeff Park, by industry standards, bitcoin ETF options should have seen around 400,000 contracts... it seems to be an unfair treatment that the ETFs received" - Jeff Park, Comment on X.
"Another Bitcoin-linked product, another success story... IBIT, which has a market cap of $44 billion, saw over $2 billion in options trading in notional value" - Article.
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