Investors are positioning themselves to benefit from a continued rally in the price of Bitcoin on the first day of options trading in the iShares Bitcoin Trust, the biggest exchange-traded fund focused on the cryptocurrency.
Around midday on Tuesday, about 100,000 options on the ETF, which trades with the ticker IBIT, had changed hands. Calls, giving holders the right to buy the fund at a set price, accounted for 85% of t
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