PANews reported on November 20 that according to The Block, driven by the first day of options trading of iShares Bitcoin Trust (IBIT) launched by BlackRock, the price of Bitcoin hit a record high, breaking through the $93,900 mark for the first time. As the first spot Bitcoin ETF approved for options trading, IBIT's first-day trading volume was close to $1.9 billion in nominal exposure, totaling 354,000 contracts, including 289,000 call options and 65,000 put options.
Analysts said that this trading volume was significantly higher than the first-day performance of other ETFs, such as BITO's first-day trading volume of only $363 million. Market experts expect that as the interest in the opening of Bitcoin ETF options increases, market liquidity will increase and volatility may gradually decrease. In addition, Bitwise and Grayscale's Bitcoin ETF options are expected to start trading on Wednesday this week, and more similar products will be launched one after another.
