Grayscale will begin trading Bitcoin ETF options

Grayscale will begin trading Bitcoin ETF options for both products on November 21, following BlackRock’s IBIT options trade reaching $1.9 billion per day the previous day.

American asset manager Grayscale Investment LLC announced in its X post on November 20 that both Bitcoin spot ETF products will be available for options trading on Thursday.

“Grayscale is excited that options trading on both $GBTC and $BTC will begin tomorrow, furthering the ecosystem that has developed around our US-listed #Bitcoin ETP,” company official X said.

Grayscale Bitcoin Trust (GBTC) and its mini Trust release will be the second Bitcoin-related product traded in options after receiving approval from the Options Clearing Corporations (OCC).

Since GBTC is the oldest product launched in 2013, the Stamford-based company is sending a grateful message to the customer who continues to invest in Bitcoin (BTC) and other crypto-related products in the next X post.

Grayscale and Bitwise follow IBIT success story

Bitwise Bitcoin ETF (BITB) is one of the options trading products that will be launched today. This product will “allow institutions and investors to hedge their risks and pursue advanced trading strategies.”

These three products will be traded on the New York Stock Exchange (NYSE) Arca, where more than 11,000 securities are currently traded.

BlackRock’s iShares Bitcoin Trust (IBIT) had reached the market with notional exposure of up to $1.9 billion before entering options trading. In one day, call options reached 289,000 and 65,000 put options for a total of 354,000 options, indicating high market interest.

Analysts say this risk is one of the biggest options for first-day trading and supports Bitcoin prices, which reached all-time highs yesterday at $94,041.