{"id":32528,"date":"2024-11-20T14:00:12","date_gmt":"2024-11-20T11:00:12","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=32528"},"modified":"2024-11-20T10:44:31","modified_gmt":"2024-11-20T07:44:31","slug":"blackrock-bitcoin-etf-options-see-record-1-9b-traded-on-first-day","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/blackrock-bitcoin-etf-options-see-record-1-9b-traded-on-first-day\/","title":{"rendered":"BlackRock Bitcoin ETF Options See Record $1.9B Traded on First Day"},"content":{"rendered":"<p>On the debut of <strong><a href=\"https:\/\/coinengineer.net\/blog\/?s=blackrock\">BlackRock<\/a>\u2019s Bitcoin ETF options<\/strong>, the iShares Bitcoin Trust ETF (<strong>IBIT<\/strong>), almost $2 billion in <strong>total exposure<\/strong> was traded, breaking records. Bloomberg\u2019s senior ETF analyst, <strong>Eric Balchunas<\/strong>, called the $1.9 billion figure \u201cunheard of for day one\u201d compared to previous <strong>Bitcoin ETFs<\/strong> like the <strong>ProShares Bitcoin Strategy ETF<\/strong> (<strong>BITO<\/strong>), which saw $363 million on its first day.<\/p>\n<p>This massive volume likely played a role in pushing <strong>Bitcoin<\/strong> to a new all-time high of over <strong>$94,000<\/strong> on <strong>Nov. 19, 2024<\/strong>. A staggering 354,000 contracts were traded, with the majority focused on calls, betting on <strong>Bitcoin\u2019s<\/strong> price increase. Balchunas pointed out that the contracts expiring in a month imply that traders are betting on <strong>Bitcoin<\/strong> doubling in value.<\/p>\n<p><strong>Options trading<\/strong> in the <strong>IBIT ETF<\/strong> allows investors to speculate on <strong>Bitcoin\u2019s price movements<\/strong>, and with the bullish sentiment, it signals strong market interest. Market makers, in response to these options trades, were buying the spot ETF to hedge their positions, which led to large-scale purchases of <strong>Bitcoin<\/strong>.<\/p>\n<p>As <strong>Grayscale<\/strong> also prepares to launch options for its own spot <strong>Bitcoin ETF<\/strong> on <strong>Nov. 20<\/strong>, the market is looking ahead to a potential surge in liquidity and a bullish outlook, with predictions that <strong>Bitcoin\u2019s price<\/strong> could exceed <strong>$100,000<\/strong> by year-end.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On the debut of BlackRock\u2019s Bitcoin ETF options, the iShares Bitcoin Trust ETF (IBIT), almost $2 billion in total exposure was traded, breaking records. Bloomberg\u2019s senior ETF analyst, Eric Balchunas, called the $1.9 billion figure \u201cunheard of for day one\u201d compared to previous Bitcoin ETFs like the ProShares Bitcoin Strategy ETF (BITO), which saw $363<\/p>\n","protected":false},"author":28,"featured_media":31718,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,10,657,11,2],"tags":[61,9609,534,9608,535,60,6971,840,1101,4617,5674,9607],"class_list":["post-32528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-economy-news","category-en","category-exchange-news","category-news","tag-bitcoin","tag-bitcoin-all-time-high","tag-bitcoin-etf","tag-bito","tag-blackrock","tag-btc","tag-crypto-etf","tag-crypto-market","tag-grayscale-bitcoin-etf","tag-ibit","tag-options-trading","tag-proshares-bitcoin-strategy-etf"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlackRock Bitcoin ETF Options See Record $1.9B Traded on First Day - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/blackrock-bitcoin-etf-options-see-record-1-9b-traded-on-first-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BlackRock Bitcoin ETF Options See Record $1.9B Traded on First Day - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"On the debut of BlackRock\u2019s Bitcoin ETF options, the iShares Bitcoin Trust ETF (IBIT), almost $2 billion in total exposure was traded, breaking records. Bloomberg\u2019s senior ETF analyst, Eric Balchunas, called the $1.9 billion figure \u201cunheard of for day one\u201d compared to previous Bitcoin ETFs like the ProShares Bitcoin Strategy ETF (BITO), which saw $363\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/blackrock-bitcoin-etf-options-see-record-1-9b-traded-on-first-day\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-20T11:00:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-20T07:44:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/10\/blackrock-8-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yigit Taha OZTURK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yigit Taha OZTURK\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/blackrock-bitcoin-etf-options-see-record-1-9b-traded-on-first-day\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/blackrock-bitcoin-etf-options-see-record-1-9b-traded-on-first-day\/\",\"name\":\"BlackRock Bitcoin ETF Options See Record $1.9B Traded on First Day - 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