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BlackRock Bitcoin ETF options see ‘unheard of’ $1.9B traded on first day

Bloomberg’s senior ETF analyst Eric Balchunas said that “$1.9 billion is unheard of for day one” as the debut day for options on BlackRock’s spot Bitcoin ETF saw huge volumes.

Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), saw nearly $2 billion in total exposure traded, which could have pushed Bitcoin to its new high of over $94,000.

“Final tally of IBIT’s first day of options is just shy of $1.9 billion in notional exposure traded via 354,000 contracts,” Bloomberg ETF analyst James Seyffart reported on Nov. 20. 

“These options were almost certainly part of the move to the new Bitcoin all-time highs today,” he added. Bitcoin (BTC) hit a new peak of $94,105 on Coinbase on Nov. 19, per TradingView.

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

SEC again delays decision on spot Ethereum ETF options

The securities regulator authorized Bitcoin options to list on BlackRock's spot BTC ETF in September.

The United States Securities and Exchange Commission (SEC) has once again postponed ruling on whether an exchange can list options tied to spot Ether (ETH) exchange-traded funds (ETFs), according to an Oct. 11 filing.

The SEC has delayed deciding on a proposed rule change permitting Cboe Exchange to list options tied to several popular spot ETH funds, the filing said.

The deadline for a ruling from the agency has been pushed back from Oct. 19 to Dec. 3, according to the filing.

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Coinbase provides custody for DigitalX’s new Australian Bitcoin ETF

The US crypto exchange Coinbase is providing Bitcoin custody services to Australia’s DigitalX, the issuer of the second spot BTC ETF in the country.

Cryptocurrency exchange Coinbase is doubling down on its support of global spot Bitcoin exchange-traded funds (ETF), becoming a custody partner for a Bitcoin ETF in Australia.

Australia’s DigitalX, the issuer of the spot Bitcoin ETF called DigitalX Bitcoin ETF (BTXX), has selected Coinbase as the custody provider for its spot Bitcoin (BTC) fund, according to the official BTXX fact sheet.

Launched on July 12, the DigitalX Bitcoin ETF aims to provide returns that mirror the performance of Bitcoin by maintaining long-term holdings of BTC.

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record

Spot Bitcoin ETFs’ Inflows Hit 6,750,000 in a Single Day, the Second-Highest Figure on Record

Spot Bitcoin (BTC) exchange-traded funds (ETFs) are on a roll. Data from crypto research platform Soso Value shows that spot Bitcoin ETFs saw their second-biggest day ever on June 4th with a daily total net inflow of  $886.7 million. Its most successful day so far was on March 12th when daily total net inflow hit […]

The post Spot Bitcoin ETFs’ Inflows Hit $886,750,000 in a Single Day, the Second-Highest Figure on Record appeared first on The Daily Hodl.

Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Bitwise CIO says BTC ETFs are huge success and 13F filings make him ‘incredibly bullish’

Bitwise CIO Matt Hougan says this week's 13F filings prove that the spot Bitcoin ETFs were a “huge success.”

This week’s 13F filing revealed who is buying the spot Bitcoin ETFs and what their position size is, and while Bitwise Chief Investment Office Matt Hougan celebrated the success of the ETFs, he says there is a significant point that the media might miss that makes him even more bullish on the BTC ETFs. 

Hougan said that 563 professional investment firms have reported owning a combined $3.5 billion worth of Bitcoin ETFs. Hougan anticipates that these numbers could eventually surpass 700 firms with total assets under management nearing $5 billion.

Hougan’s guess was spot on, with the latest data from K33 Research revealing that more than 900 firms disclosed their spot Bitcoin ETF holdings.

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Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Bitcoin To Repeat Gold’s 475% Post ETF Rally? Bitwise’s Matt Hougan Says Approval Will Unleash New Capital Wave

Bitcoin To Repeat Gold’s 475% Post ETF Rally? Bitwise’s Matt Hougan Says Approval Will Unleash New Capital Wave

The chief investment officer at the largest crypto index fund manager in the US is very optimistic about what a spot Bitcoin (BTC) exchange-traded fund (ETF) approval could do for the king crypto’s price. Matt Hougan, CIO of Bitwise, draws a comparison to what happened to gold’s price after the precious metal secured its first […]

The post Bitcoin To Repeat Gold’s 475% Post ETF Rally? Bitwise’s Matt Hougan Says Approval Will Unleash New Capital Wave appeared first on The Daily Hodl.

Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Former SEC Official Says Bitcoin (BTC) ETF Will Not Be Approved Until This Happens

Former SEC Official Says Bitcoin (BTC) ETF Will Not Be Approved Until This Happens

A former high-ranking official of the U.S. Securities and Exchange Commission (SEC) says that a possible future event could result in the likely approval of a spot-based Bitcoin (BTC) exchange-traded fund (ETF). John Reed Stark, who founded the SEC’s Office of Internet Enforcement and spent 11 years as its chief, says that crypto has become a […]

The post Former SEC Official Says Bitcoin (BTC) ETF Will Not Be Approved Until This Happens appeared first on The Daily Hodl.

Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown

Fundstrat’s Tom Lee Predicts Bitcoin Rally to $200,000, Says People Underestimating Impact of Spot BTC ETF

Fundstrat’s Tom Lee Predicts Bitcoin Rally to 0,000, Says People Underestimating Impact of Spot BTC ETF

The managing partner of Fundstrat Global Advisors, Tom Lee, is making a six-figure prediction for Bitcoin (BTC). Lee says in a new CNBC interview that Bitcoin could explode by over 500% from the current level within five years. Asked to give a timeline for his price prediction, the Fundstrat managing partner says Bitcoin could surge […]

The post Fundstrat’s Tom Lee Predicts Bitcoin Rally to $200,000, Says People Underestimating Impact of Spot BTC ETF appeared first on The Daily Hodl.

Currency Wars Are Brewing: The Seeds of a Global Financial Spiral Are Being Sown