Grayscale Investments is launching options trading on its spot Bitcoin ETFs starting Wednesday, following record options trading on BlackRock’s IBIT.
Start of Options Trading
Grayscale is offering options on the Grayscale Bitcoin Trust and Bitcoin Mini Trust after approval from the Options Clearing Corporation. This move supports the development of its US-listed Bitcoin exchange-traded products and expands investor opportunities.
Significance of BlackRock’s IBIT Launch
Bloomberg ETF analyst Eric Balchunas highlighted the importance of BlackRock’s IBIT launch, with nearly $1.9 billion in options traded on its first day, showing investor optimism.
Crypto Market Development
Grayscale’s move to launch options comes a year after its legal win against the SEC. The introduction of options trading on spot Bitcoin ETFs marks a significant step in the maturation of the crypto market.
Grayscale's launch of options trading on their Bitcoin ETFs strengthens their market position and highlights Bitcoin's growing role as a mainstream financial asset.
