Ethereum

Based

Cryptocurrency

Bitcoin

Billion

<ul class="list-ic vertical">
 <li>1 <a>The crypto options market is flourishing, with the Bitcoin (BTC) and Ether (ETH) Options activities hitting $20 Billion.&nbsp;</a></li>
 <li>2 <a>Cryptocurrency Exchange-Traded Funds (ETF) hype is considered to be the main rationale behind the parroting of historic highs.</a></li>
</ul>
Crypto ETF trades on regular stock exchanges, allowing investors to hold the asset in standard brokerage accounts. In addition to this, cryptocurrency ETFs are expected to provide a low cost of ownership for digital assets, strengthening the position of coins in the crypto world. The ETF hype recently, boomed the value of BTC and ETH options, hitting $20 Billion.
<h2 class="wp-block-heading" id="strong-the-crypto-options-market-strong">The Crypto Options Market&nbsp;</h2>
Based on the data collected and analyzed by Swiss-based Laevitas, the combined national open interest in BTC and ETH options listed on Deribit exceeded historic highs.&nbsp;
Deribit is the world’s biggest Bitcoin and Ethereum Options Exchange, offering the most advanced services and crypto derivatives trading platforms. The platform handles approximately 90% of the crypto options activities worldwide. The listing of BTC and ETH Options on the platform shocked the crypto world and hit $20 Billion.&nbsp;
ETF hype is emerging as one of the key reasons behind the parroting of historic highs. ETF issues publicly traded securities that provide exposure to the price movements of BTC futures contracts. ETFs are SEC-registered investment firms, that offer investors a path to pool the investment in a fund that invests in stocks, assets, and bonds.&nbsp;&nbsp;&nbsp;&nbsp;
The ETF hype made BTC and ETH options hit nearly the peak registered on November 9, 2021, the time when BTC traded around $66,000. Options are derivative contracts that allow individuals the right but not the obligations to purchase or sell the respective cryptocurrency at a predetermined value on or before the set date. Record activity on the other hand is the actions made in the options market related to the investors and market makers.
The overall scenario was disclosed by the Chief Commercial Officer of Deribit, Luuk Strijers in an interview with CoinDesk, a news leader in BTC, ETH, <a href="https://www.thecoinrepublic.com/2023/10/20/xrp-price-prediction-is-it-a-good-time-to-invest-in-xrp/" rel="noopener noreferrer nofollow">XRP</a>, digital finance, etc. “The ongoing performance of BTC and ETH options not only represents a substantial triumph for Deribit but also indicates the crypto market growth and the growing involvement of individuals in Options”, said Luuk Strijers.
In addition, BTC and ETH options contracts valued at $4.5 Billion are about to expire on Deribit. Also, traders snapped up calls in the past two weeks as BTC prices soared.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<h2 class="wp-block-heading" id="strong-btc-and-eth-s-current-performance-strong">BTC and ETH’s Current Performance</h2>
BTC, one of the oldest and strongest <a href="https://www.thecoinrepublic.com/2023/10/12/top-5-cryptocurrencies-that-are-grabbing-attention-this-week/" rel="noopener noreferrer nofollow">cryptocurrencies</a>, is standing at the current price of $34,067.41, a decline of 0.41% in the past 1 day with a market cap of $655 Billion. The 24-hour volume of BTC is $16 Billion.&nbsp;&nbsp;
ETH, one of the key rivals of BTC, holds a current price of $1,783.00, a drop of 1.79% in the past 24 hours with a market cap of $214 Billion. The 24-hour trading volume of ETH is $7 Billion.&nbsp;&nbsp;&nbsp;&nbsp;
<h3 class="wp-block-heading" id="strong-conclusion-strong">Conclusion&nbsp;</h3>
The ETF hype just boomed in the crypto options market recently. The listing of BTC and ETH on the Deribit platform revealed all the facts and data associated with the options market. BTC and ETH options hit around $20 Billion, repeating the history.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

ETF Hype Led Bitcoin and Ether Options On Seventh Sky, Hit $20B

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Thecoinrepublic.com

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