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

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.

On Tuesday, BlackRock launched iShares Bitcoin Trust (IBIT) options trading on the Nasdaq exchange. The ETF options traded 73,000 options contracts within the first hour after listing and immediately ranked among the top 20 most active non-index options.

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.

BlackRock’s Bitcoin ETF options will start trading tomorrow with significant market implications after regulatory approvals.

Bitcoin (BTC-USD) rose as high as $94.6K Wednesday morning, reaching a record high for a second straight day and the day after options tied to a bitcoin ETF started trading. Options for BlackRock's (BLK) iShares Bitcoin Trust ETF (NASDAQ:IBIT) gathered almost $2B of notional exposure through 354K contracts,