贝莱德比特币ETF期权推动94K历史新高，Grayscale借势跟进推出

Grayscale Investments (灰度投资) is planning to launch a Bitcoin ETF option, adding a new investment tool to the market. This move comes shortly after BlackRock’s Bitcoin ETF (IBIT) set a trading record, highlighting the increasing interest in cryptocurrency assets.
Riding the wave, Grayscale accelerates the launch of option products
Following the tremendous success of BlackRock’s Bitcoin ETF option, Grayscale announced that it will introduce option trading on its existing Bitcoin ETF this Wednesday. This plan covers GBTC (Grayscale Bitcoin Trust) and BTC (Bitcoin Mini Trust), further developing Grayscale’s Bitcoin ETP (Exchange-Traded Product) ecosystem listed in the United States.
Grayscale stated that this move is to take advantage of covered call strategies, creating profits by buying and selling Bitcoin ETF options contracts while holding Bitcoin or GBTC as collateral.
OCC promptly responds to regulatory approval
After the Options Clearing Corporation (OCC) approved Bitcoin ETF options in the United States, Grayscale updated the prospectus of its “Bitcoin Covered Call ETF” on January 11.
Bloomberg ETF analyst James Seyffart emphasized Grayscale’s swift action and pointed out on social media: “They quickly submitted the updated prospectus, demonstrating the joint strategy of GBTC and BTC, while achieving profits through options trading.”
BlackRock’s impressive first-day trading sparks market enthusiasm
Grayscale’s launch closely follows the unprecedented first-day trading performance of BlackRock’s iShares Bitcoin Trust (IBIT). According to data, the trading volume of IBIT options reached a nominal exposure of nearly $1.9 billion on the first day, with a total of 354,000 contracts traded, including 289,000 call options and 65,000 put options.
This data indicates investors’ optimism about the rise in Bitcoin prices, with a call-to-put ratio of 4.4:1.
Bloomberg senior ETF analyst Eric Balchunas called this trading volume “unprecedented” and pointed out, “By comparison, ProShares’ Bitcoin Futures ETF (BITO) only reached $363 million on its first day, despite being launched for four years.”
Bitcoin price soars to a new high of $94,000
With the option trading of IBIT driving market activity, the price of Bitcoin broke through a new high of $94,041 on Tuesday. Seyffart commented, “These option trades are almost certain to be the main driver behind the new high in Bitcoin prices.”
The consecutive actions of Grayscale and BlackRock indicate that the cryptocurrency market has entered a new phase, with investors’ enthusiasm and relaxed regulation bringing more innovative products to the market. As competition intensifies, it remains to be seen whether Grayscale can stand out in this wave of enthusiasm.