BlackRock has officially filed an S-1 for a new Bitcoin ETF designed to generate income by selling call options on its spot Bitcoin ETF, IBIT. The product aims to track Bitcoin’s price while capturing option premiums, though key details like fees remain undisclosed. Analysts see the move as adding mechanical volatility supply rather than a directional price catalyst.
about BlackRock Files for Bitcoin Covered-Call ETF, Eyes Premium IncomeJake Ostrovskis
0 posts last weekBitcoin Options Bet $118K Cap by 2025, No Moonshot
A sophisticated $2 billion options strategy is positioning for Bitcoin to reach $118,000 by December 2025, but no higher, signaling that professional traders expect a measured rally rather than explosive growth. Market analysts from Wintermute, GreeksLive, and Derive warn that key bottoming signals remain unmet, with elevated implied volatility and negative skew indicating persistent uncertainty despite recent price stabilization around $87,400.
about Bitcoin Options Bet $118K Cap by 2025, No MoonshotBitcoin’s ‘Uptober’ Disappoints Despite Yearly Gains
Bitcoin defied its historical ‘Uptober’ trend by closing the month with significant losses, marking its worst October performance in seven years and creating a 13% gap from its all-time high. Despite the downturn, the cryptocurrency maintains impressive year-to-date gains of 55%, while market analysts remain cautiously optimistic about a potential Q4 recovery despite October’s challenges including the largest liquidation event in cryptocurrency history.
about Bitcoin's 'Uptober' Disappoints Despite Yearly GainsNasdaq, Russell 2000 Rally as Bitcoin Lags; Fed Rate Cut Bets Rise
U.S. stocks rebounded sharply on Monday, with the Nasdaq and Russell 2000 jumping 1.84% and 2.35%, respectively, while Bitcoin posted a smaller 0.74% gain. The rally followed a downward revision of May and June jobs data by 258,000, boosting the probability of a September Fed rate cut to over 90%. However, analysts remain cautious due to persistent macroeconomic uncertainty, political interference concerns after the dismissal of the Bureau of Labor Statistics Commissioner, and rising put activity in Bitcoin options. Wintermute’s OTC trader Jake Ostrovskis highlighted ‘high levels of risk taking’ across markets and warned that a U.S. stock correction could drag crypto lower.
about Nasdaq, Russell 2000 Rally as Bitcoin Lags; Fed Rate Cut Bets RiseBitcoin Price Volatility Amid Rising Inflation Concerns and Job Growth Data
Bitcoin’s price fluctuated around $93,000 following a stronger-than-expected U.S. jobs report, which raised inflation concerns and diminished hopes for imminent interest rate cuts. The labor market’s strength, with 256,000 jobs added in December, has led to increased volatility in crypto markets, reflecting a tighter correlation with traditional assets amid shifting economic policies. As inflation fears grow, traders are adjusting their expectations for Federal Reserve actions, with a significant drop in the likelihood of rate cuts in the near term.
about Bitcoin Price Volatility Amid Rising Inflation Concerns and Job Growth Data