Bitcoin ETF options debut sparks record trading—BlackRock’s IBIT leads the way

Quick Summary:

However, when compared to well-established ETFs like $GLD, which recorded $5 billion in a single day, the new ETF still has room for growth.

For instance, BITO, which launched with much anticipation, recorded $363 million in trading volume on its debut.

Conversely, a put option allows the holder to sell the asset at a specified price on or before its expiration date, providing a strategic mechanism for hedging or profiting from price movements in the market.

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Article Details

Author / Journalist: Ishika Kumari

Category: Crypto

Markets: United States

Topics: Social Bitcoin Trading View News 1 News BTC Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 05:30:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23729372

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 26 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

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