Ethereum

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Bitcoin ETF

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 <p>On the heels of a tremendous week for the digital asset, more than $4.5 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today. Indeed, the former has noted an impressive surge in price. Specifically due to the hype surrounding the potential arrival of a Spot Bitcoin ETF in the coming months.</p>
 <p>Conversely, both assets slipped lower today, with Bitcoin falling below the $34,000 mark and Ethereum falling below $1,800. Still, today, both BTC and ETH options contracts worth billions expire, which may lead to a volatile response from the market overall.</p>
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    <p lang="en" dir="ltr">JUST IN: $4,550,000,000 worth of #Bitcoin&nbsp;&amp; Ethereum options expire today.</p>
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    </div> — Watcher.Guru (@WatcherGuru) October 27, 2023
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 <p><strong>Also Read: Bitcoin Reaches All-Time High Against the Argentine Peso, Naira, and Lira </strong></p>
 <h2 class="wp-block-heading" id="h-4-5b-worth-of-btc-and-eth-options-contracts-to-expire-today">$4.5B Worth of BTC and ETH Options Contracts to Expire Today</h2>
 <p>The year thus far has certainly been up and down for the digital asset sector. Still, the prevalence of Bitcoin has seemingly increased over the past few months, culminating in a rally that saw the asset surpass $35,000 amid ETF approval hype. Now, an important date regarding both BTC and ETH is fast approaching.</p>
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 <p>Specifically, more than $4.5 billion worth of Bitcoin and Ethereum options contracts are set to expire today. Indeed, the expiring contract arrives amid a boom in the options contract market for both assets. CoinDesk reported that national open interest in active Bitcoin and Ethereum options contracts has increased to $20.64, higher than open interest noted in November 2021 when Bitcoin was trading above $66,000.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-79799 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 300w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 768w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 380w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 550w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 800w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp.webp 1200w" data-srcset-img="https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 1024w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 300w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 768w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 380w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 550w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 800w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 1160w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 1200w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp" alt="" class="wp-image-79799" srcset="https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 1024w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 300w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 768w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 380w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 550w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 800w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 1160w, https://cdn.thebittimes.com/images/2023/10/27/864082a1c194d33e8dddbfb732ea7769.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: The Street
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 <p><strong>Also Read: Ethereum Whale Moves $55 Million ETH to Binance, Will it Sell? </strong></p>
 <p>Options are contracts that allow the purchaser the chance to either buy or sell an asset at a prespecified price before an expiration date. Subsequently, the billions worth of both digital asset contracts are approaching their expiration date today, at 08:00 UTC.</p>
 <p>Subsequently, leading exchange Deribit is set to settle the monthly options contracts for both assets. Conversely, how the price responds to the outcome of the expiration will be important to observe. The ETF’s development will also continue to play a critical role in Bitcoin’s price movement.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/over-4-5b-worth-of-bitcoin-and-ethereum-options-set-to-expire-tbt68083.html">https://thebittimes.com/over-4-5b-worth-of-bitcoin-and-ethereum-options-set-to-expire-tbt68083.html</a></p>

Over $4.5B Worth of Bitcoin and Ethereum Options Set to Expire

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