BlackRock, the world’s leading asset manager, has introduced options trading for its Bitcoin ETF, iShares Bitcoin Trust (IBIT). This development follows regulatory approval and is expected to broaden Bitcoin's investor base and reduce its volatility.
The introduction of options trading on the $43 billion iShares Bitcoin Trust is set to attract more institutional investors, enabling them to hedge risks more effectively and enhance liquidity.
On the first day of trading, call options dominated with a bullish sentiment, indicating expectations for significant price increases in Bitcoin, potentially reaching $180,000 by December 20.
This aligns with expert opinions that reduced volatility could enhance Bitcoin's status from a speculative asset to a viable investment for fundamental use cases. The impressive put/call ratio further highlights strong bullish sentiment.
Market analysts emphasize that options settlement involves actual Bitcoin, giving direct exposure to price movements, which could impact retail trading positively in bullish conditions.
Currently, Bitcoin is trading at $91,580, marking a 4% increase in the weekly timeframe after recent bullish trends.
