Nasdaq launched options trading for BlackRock's iShares Bitcoin Trust (IBIT) on Tuesday.
MarketWatch (gated) with the rundown, in brief:
First-day trading included:
Most IBIT options trades were relatively small compared to larger block trades handled by brokers. A position limit of 25,000 contracts is in place, suitable for institutional investors but not significant for large hedge funds.
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BTC/USD update:
This article was written by Eamonn Sheridan at www.forexlive.com.
MarketWatch (gated) with the rundown, in brief:
First-day trading included:
- 70 million call options expiring in 2026 at a $100 strike price (equivalent to a $174,000 bitcoin price ... n IBIT price at $100 corresponds to a bitcoin price of roughly $174,000).
- 30 million call options expiring in 2027 at a $100 strike price.
Most IBIT options trades were relatively small compared to larger block trades handled by brokers. A position limit of 25,000 contracts is in place, suitable for institutional investors but not significant for large hedge funds.
***
BTC/USD update:
This article was written by Eamonn Sheridan at www.forexlive.com.