Bitcoin Options Open Interest Tops $14B as ProShares ETF ‘BITO’ Goes Live

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Seasoned traders often use both calls and options when the outcome of a binary event (a trigger for a big move), is uncertain, but a move in either direction is expected. However, flows have been predominantly bullish ahead of the ProShares’ ETF listing, with traders piling into out-of-the-money or higher strike call options, as blockchain data analytics firm Glassnode mentioned in its weekly report published Monday.



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