QCP Capital: BlackRock's BTC Spot ETF (IBIT) options market performance is strong
On November 20, QCP Capital pointed out that BlackRock's BTC spot ETF (IBIT) options market performed strongly, with a staggering 73,000 contracts traded in the first hour on Tuesday and a bullish to bearish ratio of 4.4:1. This activity has propelled IBIT into the top 20 most active non-index options, highlighting the growing confidence of institutions in Bitcoin as a mainstream asset class. Other BTC spot ETFs such as Grayscale BTC Trust (GBTC) and Fidelity Wise Origin Bitcoin Fund (FBTC) are expected to list options soon.
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