Downside Insurance on BlackRock's Spot Bitcoin ETF is Now Pricer Than Bullish Bets

2 weeks ago

Early Thursday, CoinDesk reported bullish-to-neutral displacement successful sentiment successful the options marketplace tied to BlackRock's spot bitcoin exchange-traded money (ETF). But by the extremity of the day, the concern worsened further, with sentiment turning somewhat bearish.

The one-year put-call skew, which reflects however the marketplace prices successful volatility hazard for enactment options, offering downside protection, comparative to bullish telephone options, turned somewhat affirmative to 0.2%, according to information root Market Chameleon.

In different words, the time closed with protective enactment options trading astatine a flimsy premium comparative to calls successful a motion of renewed bearish sentiment.

IBIT fell 1.32% to $59.99 Thursday, portion registering a nett inflow of $125 million, the lowest single-day tally since May 13, according to information root SoSoValue.

View source