Yesterday's debut of Bitcoin ETF options was a new boost for BTC, pushing it to a new ATH above $93,900.
IBIT's Success on the First Day of Options Trading
Bloomberg's analyst James Seyffart noted BlackRock's IBIT options trading success via an announcement on X. The first day saw nearly $1.9 billion in notional exposure traded through 354,000 contracts, with 289,000 calls and 65,000 puts, reflecting a 4.4:1 ratio.
Grayscale Launches BTC ETF Options
Today, November 20, Grayscale inaugurates options trading on its GBTC and BTC products to foster the ecosystem around their Bitcoin ETPs. This move comes after the Options Clearing Corporation's approval of Bitcoin ETF options.
Bitcoin Reaches New ATH at $93,900
BTC hit a new ATH at $93,000, following a significant surge from $91,000 levels. As of this writing, BTC is trading close to $93,000, up by 1.3% in the past 24 hours.
The positive sentiment in the crypto industry, coupled with the success of IBIT's option trading and Grayscale's offerings, supports BTC's price, leading to further growth potential.
