The bullish sentiment in the IBIT options is consistent with the noticeable activity in the $200,000 bitcoin call trading on Deribit.

Options on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) debuted on the Nasdaq Tuesday, ushering in a new way to speculate on the price of bitcoin.

As expected, BlackRock’s iShares Bitcoin Trust (IBIT), the inaugural spot Bitcoin ETF approved for options trading, spearheaded this milestone. The launch generated significant market activity, with nearly $1.9 billion in notional exposure traded, as highlighted by Bloomberg Intelligence ETF analyst James Seyffart.

Bitcoin price reached another all-time high above $94,000 as options on BlackRock's spot bitcoin ETF saw staggering first-day trading activity. Plus, insights on MicroStrategy's growing market cap. CoinDesk's Christine Lee discusses what this could mean for bitcoin's price on the "Chart of the Day.

Nasdaq Inc. is planning to list options on BlackRock Inc.’s Bitcoin exchange-traded fund, possibly as soon as Tuesday, allowing investors to use derivatives to bet on or against the world’s largest digital asset.

Bitcoin hit a record above $94k after BlackRock's BTC options ETF recorded nearly $1.9B in notional exposure on its first day of trading.

This is Frances Yue, crypto reporter at MarketWatch. Bitcoin hit a record high at $94,963 on Tuesday, after the Nasdaq started to allow trading of options on BlackRock’s iShares Bitcoin Trust for the first time on the same day.

If IBIT closes above $56.00 on December 13, we would earn $2.05 per shrare on $53.95 at risk, or 3.8%. Over a 24-day holding period, the annualized return would be 57.8%.