多家現貨比特幣 ETF 發行人將加入貝萊德提供選擇權交易

比特幣 ETF 發行人將與貝萊德一起提供選擇權交易，這標誌著加密貨幣投資工具的另一個里程碑。

Several spot bitcoin ETF issuers are set to join BlackRock in offering options trading, marking another milestone for crypto investment vehicles.

多家現貨比特幣 ETF 發行人將與貝萊德一起提供選擇權交易，這標誌著加密貨幣投資工具的另一個里程碑。

The launch of options trading for spot bitcoin ETFs continues to expand, with multiple issuers set to begin trading Wednesday, following BlackRock’s iShares Bitcoin Trust (IBIT) successful options debut on Tuesday, according to data provided by the Options Clearing Corporations, the sole issuer and regulator of all U.S. exchange-listed securities options.

根據唯一發行者和選擇權清算公司提供的數據，繼貝萊德的iShares 比特幣信託(IBIT) 週二成功推出選擇權後，現貨比特幣ETF 選擇權交易的推出繼續擴大，多家發行者將於週三開始交易。

The options rollout comes as bitcoin reached new highs above $94,900 on Wednesday. While it's since retreated to $94,320, it's still about 2% higher over the past 24 hours, according to data from CoinMarketCap.

期權推出之際，比特幣週三觸及 94,900 美元以上的新高。根據 CoinMarketCap 的數據，雖然此後回落至 94,320 美元，但在過去 24 小時內仍上漲約 2%。

Several bitcoin ETF options will begin trading Wednesday, including the ARK 21Shares Bitcoin ETF (ARKB), Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise Bitcoin ETF (BITB), Grayscale Bitcoin Trust ETF (GBTC), and Grayscale Bitcoin Mini Trust (BTC), OCC data showed.

多支比特幣ETF 選擇權將於週三開始交易，包括ARK 21Shares 比特幣ETF (ARKB)、Fidelity Wise Origin 比特幣基金(FBTC)、Bitwise 比特幣ETF (BITB)、灰階比特幣信託ETF (GBTC) 和灰階比特幣迷你信託(BTC) ），OCC 數據顯示。

Grayscale investments confirmed the Wednesday launch of options trading for both GBTC and BTC in a Tuesday statement. David LaValle, senior managing director and global head of ETFs at Grayscale Investments, noted that the development further expands the ecosystem around U.S.-listed bitcoin ETFs.

Grayscale Investments 在周二的聲明中確認週三將推出 GBTC 和 BTC 選擇權交易。 Grayscale Investments 資深董事總經理兼 ETF 全球主管 David LaValle 指出，這項發展進一步擴大了圍繞美國上市的比特幣 ETF 的生態系統。

Options trading expands investors' tools to participate in the spot bitcoin ETF market and follows January’s historic approval of the 11 funds by the Securities and Exchange Commission. They come on the heels of the incoming Trump administration's advocacy for crypto and growing investor interest, with IBIT accumulating nearly $30 billion in assets, according to data from Farside Investors.

繼 1 月美國證券交易委員會歷史性批准 11 檔基金之後，選擇權交易擴大了投資者參與現貨比特幣 ETF 市場的工具。 Farside Investors 的數據顯示，繼即將上任的川普政府倡導加密貨幣以及投資者興趣不斷增長之後，IBIT 積累了近 300 億美元的資產。

Trading Activity Shows Bullish Sentiment

交易活動顯示看漲情緒

IBIT’s first day of options trading showed strong demand, with Bloomberg Intelligence ETF Research Analyst James Seyffart noting on X that trading volume reached just shy of $1.9 billion in so-called notional exposure through 354,000 contracts. Notional value represents the total worth of all of the derivatives contracts, as opposed to the spot price of the contract.

IBIT 選擇權交易的第一天顯示出強勁的需求，彭博資訊 ETF 研究分析師 James Seyffart 在 X 上指出，透過 354,000 份合約，所謂名義敞口的交易量接近 19 億美元。名義價值代表所有衍生性合約的總價值，而不是合約的現貨價格。

“$1.9b is unheard of for day one. For context, $BITO did $363m and that's been around for four years,” Eric Balchunas, senior ETF analyst for Bloomberg, posted on X.

「第一天 1.9b 美元是聞所未聞的。就背景而言，$BITO 的銷售額為 3.63 億美元，並且已經存在了四年。

As of Tuesday's market close, the trading heavily favored call options over puts, with 289,000 calls versus 65,000 puts traded, according to Seyffart.

Seyffart 表示，截至週二收盤，看漲期權的交易量明顯高於看跌期權，看漲期權交易量為 289,000 份，看跌期權交易量為 65,000 份。

“$IBIT options trading was strong but guessing it was largely retail phenomenon based on the heavy skew to out-of-the-money calls,” Seyffart posted on X.

Seyffart 在 X 上發文表示：“$IBIT 期權交易強勁，但根據虛值看漲期權的嚴重傾斜，猜測這主要是散戶現象。”

Some market participants are showing particularly bullish sentiment through their options activity. Seyffart noted that the Dec. 20 $100 call options for IBIT were among the most actively traded contracts, representing “essentially a lottery ticket” betting that bitcoin’s price would nearly double within the next month.

一些市場參與者透過選擇活動表現出特別樂觀的情緒。 Seyffart 指出，12 月 20 日 IBIT 的 100 美元看漲期權是交易最活躍的合約之一，“本質上是一張彩票”，押注比特幣的價格將在下個月內幾乎翻倍。

Expanding Investment Options

擴大投資選擇

In related developments, Grayscale Investments updated two fillings for bitcoin and Ethereum covered call ETFs, suggesting the firm is positioning itself to further expand its crypto investment offerings.

在相關進展中，Grayscale Investments 更新了比特幣和以太坊備兌看漲 ETF 的兩項內容，顯示該公司正在進一步擴大其加密貨幣投資產品。

According to the Monday SEC filings, the proposed covered call ETFs would aim to generate income by selling call options on bitcoin and Ethereum ETFs while maintaining exposure to the underlying crypto funds, offering investors potential yield in addition to cryptocurrency price appreciation.

根據週一向SEC 提交的文件，擬議的備兌看漲ETF 旨在透過出售比特幣和以太坊ETF 的看漲期權來產生收入，同時保持對基礎加密基金的敞口，除了加密貨幣價格升值之外，還為投資者提供潛在收益。