貝萊德的比特幣信託 ETF 選擇權開始交易，開創了比特幣價格交易和投機的新方式

納斯達克告訴 CNBC，IBIT 在周二交易的前 60 分鐘內交易了 73,000 份選擇權合約，使該基金躋身最活躍的非指數選擇權前 20 名。

Options on BlackRock's iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq on Tuesday, offering a new way to trade and speculate on the price of bitcoin.

貝萊德 iShares 比特幣信託 ETF (IBIT) 的選擇權週二開始在納斯達克交易，提供了一種交易和投機比特幣價格的新方式。

IBIT options trading hit 73,000 contracts in the first 60 mins of trading Tuesday, Nasdaq told CNBC, putting the fund in the top 20 of the most active nonindex options.

納斯達克告訴 CNBC，IBIT 選擇權交易在周二交易的前 60 分鐘內就達到了 73,000 個合約，使該基金躋身最活躍的非指數選擇權前 20 名。

Options allow investors to capitalize on bitcoin's volatility by letting them buy or sell an asset at a predetermined price based on whether they anticipate the price will rise or fall in a given period.

選擇權允許投資者根據他們預計價格在給定時期內是否上漲或下跌的情況，以預定價格買賣資產，從而利用比特幣的波動性。

"Bitcoin has a lively derivatives market, but in the U.S. it is still tiny compared to other asset classes, and is largely limited to institutional players," said Noelle Acheson, an economist and author of the "Crypto is Macro Now" newsletter. "A deeper onshore derivatives market will enhance the growing market sophistication. This will reinforce investor confidence in the asset, bringing in new cohorts while enabling a greater variety of investment and trading strategies … [That] should, all else being equal, dampen both volatility and downside."

「比特幣擁有一個活躍的衍生性商品市場，但在美國，與其他資產類別相比，它的規模仍然很小，而且很大程度上僅限於機構參與者，」經濟學家、《加密貨幣現在是宏觀》時事通訊的作者諾埃爾‧艾奇遜表示。 「更深層的在岸衍生性商品市場將提高日益增長的市場複雜性。這將增強投資者對該資產的信心，引入新的群體，同時實現更多樣化的投資和交易策略…在其他條件相同的情況下，這應該會抑制波動性和缺點。

The market for options contracts on major ETFs can be extremely active and are widely used by more sophisticated traders. For example, over the past five business days, Interactive Brokers clients have had more options orders on the Invesco QQQ Trust (QQQ) and the SDPR S&P 500 ETF Trust (SPY) than for the funds themselves, according to data from the brokerage.

主要 ETF 的選擇權合約市場非常活躍，並被更成熟的交易者廣泛使用。例如，根據經紀公司的數據，在過去的五個工作日裡，盈透證券的客戶對Invesco QQQ Trust (QQQ)和SDPR S&P 500 ETF Trust (SPY)的選擇權訂單比對基金本身的訂單還要多。

The launch of the bitcoin ETF options will likely also lead to new funds that incorporate those options, said Todd Sohn, ETF strategist at Strategas.

Strategas 的 ETF 策略師 Todd Sohn 表示，比特幣 ETF 選擇權的推出也可能會催生包含這些選擇權的新基金。

"Grayscale already did a filing for a covered call [fund], and I'm sure BlackRock will come out with it too. And then we're going to get buffers, and then we're going to get whatever other trend-following-type strategy that folks think of. I think the ecosystem's really going to start to fly here," Sohn said.

「灰度已經提交了備兌看漲期權[基金]的申請，我確信貝萊德也會提出申請。然後我們將獲得緩衝，然後我們將獲得任何其他趨勢跟踪我認為生態系統真的會開始在這裡飛翔，」索恩說。