Amplify ETFs CEO explains trading bitcoin ETF options

Grayscale adds options trading to the Grayscale Bitcoin Trust ETF (GBTC) after BlackRock saw record interest in its iShares Bitcoin ETF (IBIT) after introducing options trading. Amplify ETFs CEO Christian Magoon joins Wealth! Host Brad Smith for the ETF report to talk about the developments in the bitcoin (BTC-USD) ETF space. "It was a big day yesterday for the bitcoin community as well as just bitcoin ETFs to have almost $1.9 billion of trading volume notionally in IBIT ETF options, [which] was a big deal. It's a great start, and a variety of other bitcoin ETF options began trading today," Magoon says. He adds, "There's a lot of interest here, and what this really allows bitcoin investors and bitcoin ETF investors to do is hedge their positions if they want to or potentially magnify the upside of their positions through using regulated options on the ETFs that hold these physical bitcoins. [It's] a great way to really institutionalize bitcoin ETF trades, both bull and bear, for investors of all types, whether it's institutions or retail investors. So I think this is a good thing overall for bitcoin adoption as well as bitcoin ETFs." Watch the video above for more on how options trading for bitcoin ETFs affects the broader crypto space.
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[charlottedale]

Thanks for sharing different perspectives on BTC's potential. It truly is the ultimate disruptor! Through active trading, I’ve grown my portfolio. Big thanks to Alfred Thomas for his invaluable expertise!"

[laurapeterson]

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[gabrielgentry]

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[QuentinWyss-yt]

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[DanteKovach]

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[IsaiahKleekamp]

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[kittymogulco]

Thank you for educating on this investment model. Bitcoin has indeed been having a bullish season...

[herndon]

Software, hardware and semiconductors. The three pillars. Glad you put it out there. A better diversified approach for sure. Follow this advice. Don't dump it all in the news flash.

[YaoAnne-jg]

I am at the beginning of my "investment journey", planning to put 285K into dividend stocks so that I will be making up to 30% per year in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated.

[hezekiahwelch]

Thanks for publishing this! Hoping for some guidance: My Tron Wallet contains some USDT TRX20, and I possess the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How should I handle sending them to Bybit?