Downside Insurance on BlackRock’s Spot Bitcoin ETF is Now Pricer Than Bullish Bets
Early Thursday, CoinDesk reported bullish-to-neutral shift in sentiment in the options market tied to BlackRock’s spot bitcoin exchange-traded fund (ETF). But by the end of the day, the situation worsened further, with sentiment turning slightly bearish.
The one-year put-call skew, which reflects how the market prices in volatility risk for put options, offering downside protection, relative to bullish call options, turned slightly positive to 0.2%, according to data source Market Chameleon.
In other words, the day closed with protective put options trading at a slight premium relative to calls in a sign of renewed bearish sentiment.
IBIT fell 1.32% to $59.99 Thursday, while registering a net inflow of $125 million, the lowest single-day tally since May 13, according to data source SoSoValue.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Recent Posts
Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service
Bitcoin Magazine Amboss Launches Rails, a Self-Custodial Bitcoin Yield Service Amboss, a leader in AI-driven…
Bitcoin Slips Below $104K, Cryptos Slide as U.S.-China Tariff Tensions Flare Up
Markets went red on Friday on renewed tariff-related apprehensions. Bitcoin BTC is down 2.1% in…
Trump Media Has $2.3B in Bitcoin Buying Power After Closing Capital Raise
Trump Media and Technology Group (DJT), the operator of Truth Social, said on Friday it…
Bitcoin Builders Exist Because Of Users
Bitcoin Magazine Bitcoin Builders Exist Because Of Users Builder: Nicholas Gregory Language(s): C++, Rust Contribute(s/ed)…
Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan
U.S.-listed spot bitcoin BTC exchange-traded funds (ETFs) recorded their first day of net outflows in…
Bitcoin ETFs See $9 Billion Inflows Amid Escalating Shift Away From Gold
Recent trends in the Bitcoin ETFs market reveal a significant shift in investor sentiment, with…