tl;dr
Investors are jumping into cryptocurrency options, with Bitcoin (BTC-USD) options trading volume hitting a record high ahead of an end-of-month, quarter, and year expiry date. With over $38 billion in monthly options trading volume for Bitcoin across major derivatives exchanges, the majority of call...
Investors are jumping into cryptocurrency options, with Bitcoin (BTC-USD) options trading volume hitting a record high ahead of an end-of-month, quarter, and year expiry date. With over $38 billion in monthly options trading volume for Bitcoin across major derivatives exchanges, the majority of call contracts expiring on Deribit on Friday have a strike price of $45,000, although Bitcoin has been trading below that value recently. This surge is driven by hopes that the Securities and Exchange Commission will finally approve an exchange-traded fund (ETF) directly investing in Bitcoin. The SEC has until January 10th to decide on ARK Invest's spot Bitcoin ETF and until January 25th to decide on Grayscale's proposal to convert the Grayscale Bitcoin Trust (OTC: GBTC) into an ETF. Furthermore, other organizations such as WisdomTree (WT), Invesco (IVZ), BlackRock (BLK), and Valkyrie have also filed for Bitcoin ETFs. The derivatives exchange Deribit is anticipating the largest expiry so far, marking over $11 billion in combined Bitcoin and Ethereum (ETH-USD) options open interest ahead of Friday's expiry. Almost $5 billion of these options will expire in the money, with clients rolling positions to 2024 expiries and more anticipated rollouts closer to and after the expiry date, according to Deribit Chief Commercial Officer Luuk Strijers.
More about WisdomTree Inc.
WisdomTree Inc. is a security brokers, dealers & flotation company with a market capitalization of $1,007,245,000. The stock is currently trading at $21.61, showing a minimal increase of $0.12 (0.31%) from the previous close. The Relative Strength Index (RSI) is at 2.3, indicating an oversold condition. The trading volume is at 331,501,000, which is relatively high. The stock has a 52-week low of $7.93 and a 52-week high of $0.855. From a technical analysis perspective, the stock is currently exhibiting bullish tendencies, but the oversold RSI and the high trading volume suggest potential uncertainty. It is important to consider these factors before making any investment decisions.
More about Invesco Plc
Based on the financial data, Invesco Plc (IVZ) has shown a stock performance with a current stock price of $13.88 and a 0.788% increase. The market sentiment is slightly bearish with a Relative Strength Index (RSI) of 12.6 and a negative trend in the Bollinger Bands with a decrease of 0.253. The company's market cap is $5.74 billion, indicating a moderate-sized company. It's important to note the potential risks associated with the bearish trend and the uncertainties in the current market conditions.
More about BlackRock Inc
BlackRock Inc. is a multinational investment management corporation based in New York City. With a market capitalization of over $120 billion and a stock price of $117.36, the company has shown consistent growth and stability. The stock has a 52-week range of $19.88 to $34.84, indicating a strong upward trend. The Relative Strength Index (RSI) of 0.307 suggests that the stock is not overbought or oversold. The company's market sentiment appears bullish, supported by a strong financial position with a total asset value of $17.56 billion. However, it is important to note that past performance is not always indicative of future results, and potential risks and uncertainties should be carefully considered.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.