BlackRock bitcoin ETF options indicating BTC/USD to $176K in 2026

Nasdaq launched options trading for BlackRock’s iShares Bitcoin Trust (IBIT) on Tuesday.

MarketWatch (gated) with the rundown, in brief:

First-day trading included:

• 70 million call options expiring in 2026 at a $100 strike price (equivalent to a $174,000 bitcoin price … n IBIT price at $100 corresponds to a bitcoin price of roughly $174,000).
• 30 million call options expiring in 2027 at a $100 strike price.

Most IBIT options trades were relatively small compared to larger block trades handled by brokers.
A position limit of 25,000 contracts is in place, suitable for institutional investors but not significant for large hedge funds.

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BTC/USD update:

This article was written by Eamonn Sheridan at www.forexlive.com.