ETF options - The $100k catalyst?

K33 Research Pro

For Professional and Institutional Investors

18 Nov 2024

ETF options - The $100k catalyst?

After a temporary hiatus, CME premiums are climbing to 8-month highs backed by exposure surging to all-time highs as excitement builds rapidly ahead of today's IBIT options launch.

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Bitcoin consolidates while volume surges

BTC spent most of the week in consolidation between $86,000 and $92,000 but ended the week with a gain of 4%. BTC trade volume pushed to new yearly highs, with 7-day ADVs peaking at $9.7bn on Saturday. Within this surge of volume, MicroStrategy bought 51,780 BTC since November 11, directly contributing to BTC’s relative strength, while ETFs added 28,800 BTC. Meanwhile, ETHBTC hit fresh new lows of 0.033 while Bitcoin dominance continues rising. The fear and greed index sits at 90, but we note that this can stay elevated for weeks during bull runs.

CME traders build long-exposure

Some BTC consolidation last week saw CME futures premiums

K33 Research Pro

ETF options - The $100k catalyst?

Bitcoin consolidates while volume surges

CME traders build long-exposure

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