The post After IBIT, Bitwise’s Bitcoin Spot ETF Options Going Live appeared first on Coinpedia Fintech News
The launch of BlackRock’s iShares Bitcoin Trust (IBIT) options was nothing short of explosive. $2 billion in trades on day one? That’s not just big—it’s historic. But let’s not pop the champagne just yet. Some pretty strict trading limits might put a damper on its long-term potential. So, is IBIT just a flash in the pan, or are we witnessing the next big thing in Bitcoin ETFs? Bitwise is going to be the second firm to launch Bitcoin Spot ETF options.
IBIT Massive Launch
To give you an idea of just how massive this is, ProShares Bitcoin Strategy ETF (BITO) launched in 2021 and only managed $363 million in its first day. IBIT blew past that by a mile. Even the ETF itself saw jaw-dropping trading action, just behind giants like SPY and QQQ.
But here’s the catch. IBIT options come with a 25,000-contract limit. That’s not much when compared to more traditi
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