Companies offer options on Bitcoin ETFs based on swaps

Options on recently launched leveraged products that track the spot price of bitcoin via derivative swaps were trading for the first time in the cryptocurrency exchange-traded fund (ETF) market.

It was the first time that options on recently introduced leveraged products that use derivative swaps to track the spot price of bitcoin started trading for the cryptocurrency exchange-traded fund (ETF) market. According to Rex Shares and Tuttle, investors can now purchase options on the newly created T-Rex 2x Long Bitcoin Daily Target ETF and T-Rex 2x Inverse Bitcoin Daily Target ETF. The nine new ETFs that were introduced in January that directly track the spot price of bitcoin have not yet had their options approved by the SEC.

The underlying leveraged ETFs, which in this case are BlackRock’s market-leading iShares Bitcoin Trust (IBIT.O), open a new tab and are intended for daily traders who want to wager on a decrease in the underlying asset or gain twice the return. The ETFs may be more volatile due to the leverage. “We strongly encourage all traders to approach this exclusive offering with diligence, ensuring they are well-informed about the unique characteristics and risks associated with trading options for these specialized ETFs,” Rex Shares and Tuttle stated.

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