Data: BlackRock's Bitcoin spot ETF options debuted trading this Tuesday, with a call/put ratio of 4.44 indicating that investors are generally bullish.

According to SoSoValue data, BlackRock's Bitcoin Spot ETF (IBIT) had a total of 354 thousand options contracts traded this past Tuesday, with a nominal transaction value of 1.86 billion USD. As it was the first day of listing, this indicates extremely high market activity. The options trading also propelled IBIT's trading volume to grow by 32% compared to the previous period. Among all traded contracts, 288.70 thousand were call options and 65 thousand were put options, resulting in a call/put ratio of 4.44, reflecting a generally optimistic market sentiment.

Data shows that market trading is concentrated on bullish options expiring on January 17, 2024, with a price range of 55-60 USD. This corresponds to an increase of 4.4%-13.9% relative to IBIT's closing price on Tuesday. SoSoValue analysts noted, "Roughly corresponding to a Bitcoin price of 97 thousand-105 thousand USD, this shows market expectations that Bitcoin is likely to reach 100 thousand USD before Trump officially takes office." Notably, the implied volatility of the January options is in the range of 68%-69%, compared to IBIT's historical volatility of around 55% over 60 days, indicating that investors prefer to hold options rather than sell them.

Additionally, Grayscale's spot Bitcoin ETF GBTC and $BTC options trading will also commence debut trading this Wednesday.