Spot Bitcoin ETF Options Are Here. Why You ‘Can’t Overstate’ Their Importance - Ep. 739
Unchained
Chapters
Shownotes Transcript
On Tuesday, options on BlackRock’s bitcoin ETF, IBIT, launched, seeing $1.9 billion worth of those options changing hands on the first day.
The launch of these options could mark a turning point for crypto markets, with implications for liquidity, volatility, and institutional adoption.
Eric Balchunas, senior ETF analyst at Bloomberg, explains why these options are so significant, who they’re designed for, and how they could impact the broader ecosystem.
Plus, he offers some cautionary advice to bitcoiners, gives insight into whether spot ether etf options are on their way, and discusses the odds of SOL ETFs launching.
Show highlights:
What bitcoin ETF options are and why they are relevant for traders and investors
Whether options will reduce the volatility of BTC
Why Eric offers caution after seeing bitcoin surging so much recently
What Eric thinks about the possibility for Bitcoin ETF options to spark a “gamma squeeze”
What type of investors Eric thinks typically trade options
Whether regulators treat Bitcoin differently and with prejudice
What he would like to see from a new SEC
Why IBIT options will likely dominate the market, according to Eric
Why Eric was surprised that options on futures ETFs was so low compared to the spot ETFs
How the launch of options will affect Deribit, the main exchange for trading options
Whether options for ether spot ETFs are coming as well
His thoughts on the news that spot SOL ETFs may be moving to the next phase
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Guest
- Eric Balchunas), Senior ETF Analyst at Bloomberg
Previous appearances on Unchained:
Why Spot Ether ETFs Are Now Likely to Be Approved on Thursday)
How, in 7 Weeks, Bitcoin ETFs Reached Inflows That Took Gold ETFs 3 Years)
Why Spot Bitcoin ETFs Are Likely to Finally Start Trading on Thursday)
Will a Spot Bitcoin ETF Finally Get Approved?)
Links
Previous coverage of Unchained on bitcoin ETFs options:
Why Bitcoin ETF Options Could Unlock Massive Amounts of Capital for Crypto)
Unchained: Bitcoin Hits New All Time High as IBIT’s First-Day Volume Nears $1.9 Billion )
Timestamps:
00:00 Intro
01:15 Why Bitcoin ETF options are a game-changer for traders
07:35 How options could impact Bitcoin’s volatility
11:38 Eric’s cautionary take after Bitcoin’s recent surge
13:13 Whether price rises will be due to gamma squeezes or a lack of resistance
16:04 Insights into the typical investors trading ETF options
16:58 Perceptions of bias against Bitcoin in traditional markets
18:53 What Eric hopes for under new SEC leadership
20:47 Why IBIT options might dominate the market
23:05 Comparison between futures and spot ETF options
25:20 What IBIT options mean for Deribit’s dominance
28:58 Are ether spot ETF options on the horizon?
29:25 What Eric thinks of the filings for SOL ETFs
32:37 News Recap
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