IBIT trading options launch, Bitcoin tap new all-time high $94k

Bitcoin (BTC) reached an all-time high of $94,041 as BlackRock, the world’s largest asset management company, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading on Nasdaq.

Since the Securities and Exchange Commission (SEC) approved Bitcoin ETF trading options in September, IBIT became the first crypto product to reach final settlement steps in the last four days and was approved on November 18. Now, IBIT is going live on the US exchange.

According to Bloomberg Intelligence ETF analyst James Seyffart in X’s Nov. 19 post, there were 289,000 call options and 65,000 put options in one day. This means that the bet on the price has increased and expects the Bitcoin price to increase.

The notional risk of a total of 354,000 options is $1.9 billion, indicating that market interest for this crypto product is relatively high. Seyffart also noted that this market movement pushed the Bitcoin price to an all-time high of $94,041 today.

He also noted that the ratio of call and put options is 4.4:1, which gives a strong signal of investors’ optimism regarding future trades.

Another Bloomberg ETF analyst, Eric Balchunas, in his post on

Another one will come after IBIT

After the IBIT trading options launch, the market is still awaiting confirmation of another Bitcoin ETF trading option. Bitwise Bitcoin ETF (BITB) was the most anticipated Bitcoin ETF trading option to launch this week.

This trading option is one of the most important milestones for the crypto industry because it will bring a new level of complex trading. Investors can also ride out these waves by monitoring institutional holdings and speculating on price movements without investing too much.

1-Day BTC price chart, September 4 – November 20, 2024 | Source: crypto.news

Bitcoin price reached an all-time high of $94,041 after the trading option launched in the US. Trade volume increased to 85 billion dollars and market value increased to 1.8 trillion dollars.