Janice R. Andrews
Grayscale has introduced options trading for its Bitcoin Trust ETF (GBTC), following BlackRock’s success with its iShares Bitcoin ETF (IBIT). This move underscores increasing institutional interest in Bitcoin investments.
Christian Magoon, CEO of Amplify ETFs, spoke with Brad Smith on Wealth about this milestone. He highlighted that IBIT options achieved nearly $1.9 billion in trading volume on launch day, signaling strong demand. “This development allows investors to hedge their positions or potentially enhance returns using regulated options,” Magoon explained.
Options trading for Bitcoin ETFs opens new opportunities for both institutional and retail investors. Magoon emphasized that it helps institutionalize Bitcoin ETF trading, catering to bullish and bearish strategies alike.
This advancement is seen as a significant step forward for Bitcoin adoption and the broader crypto market, reinforcing Bitcoin ETFs as a mainstream investment vehicle.
For more expert analysis, visit Wealth.
