Grayscale will begin trading Bitcoin ETF options for both products on November 21, following BlackRock’s IBIT options trading the day before, which reached $1.9 billion in one day.
A US asset manager, Grayscale Investment LLC, announced in its November 20 X post that its two Bitcoin spot ETF products would be available.available for options trading Thursday.
“Grayscale is excited that options trading on $GBTC and $BTC will begin tomorrow, furthering the development of the ecosystem around our US-listed #Bitcoin ETP,” the Company X official said.
Grayscale Bitcoin Trust (GBTC) and the mini trust version will be the second Bitcoin-related product to trade in options after receiving approval from the Options Clearing Corporations (OCC).
Since GBTC is the oldest product launched in 2013, the Stamford-based company sends a message of gratitude to the customer who continues to invest in Bitcoin (BTC) and other crypto-related products in the next article .
Grayscale and Bitwise follow IBIT’s success story
Bitwise Bitcoin ETF (BITB) is also one of the options trading products that will be launched today. This product “will enable institutions and investors to hedge their exposure and pursue sophisticated trading strategies.”
These three products will be traded on the New York Stock Exchange (NYSE) Arca, which already trades more than 11,000 listed securities.
Before entering options trading, BlackRock’s iShares Bitcoin Trust (IBIT) hit the market with a notional exposure of up to $1.9 billion. In one day, calls reached 289,000 and puts reached 65,000, for a total options of 354,000, indicating a high level of market interest.
Analysts say this exposure is one of the strongest trading options on the first day and supports Bitcoin prices up to $94.041 as it hit a new all-time high yesterday.
