There has been an important development in the cryptocurrency market. BlackRock’s iShares Bitcoin 
$93,344 Trust ETF (IBIT) options began trading on Nasdaq. The first trading day attracted attention with both its high volume and its impact on the market. This development took the Bitcoin price to an all-time high and increased the interest of institutional investors in crypto assets.
High Volume and Interest with IBIT Options
IBIT options on Nasdaq attracted great interest on their first day of trading. 73,000 contracts were traded in the first 60 minutes. This volume placed IBIT among the 20 most active non-index options. Bloomberg analyst James Seyffart noted that a total of about 354,000 contracts were traded on the first day. 289,000 of the contracts were call options and 65,000 were put options. This transaction volume corresponds to an indicator value of approximately 1.9 billion dollars.
Institutional investors have expanded their risk management and income strategies using IBIT options. In particular, methods such as covered call options help these investors increase their return potential. Experts state that this intense transaction shows the confidence of institutional investors in crypto assets.
Bitcoin’s Record Level and Market Impact
The launch of IBIT options also had an impact on the Bitcoin price. Bitcoin recorded a new all-time high, reaching $93,826. Ethereum 
$3,128 Altcoins such as and Solana also benefited from this momentum and experienced price increases. “These options definitely contributed to Bitcoin’s record move,” Seyffart said. he said.
Other ETF providers such as Grayscale are expected to launch similar options. This could increase liquidity by introducing more regulated financial instruments to the crypto market. At the same time, it has the potential to strengthen market stability and investor confidence.
This development created a positive atmosphere in the crypto market. Volume and price movements on the first trading day give promising signals for the future of the market. Investors think such regulated instruments will make the market more accessible and reliable.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
