Firms launch options on swap-based Bitcoin ETF
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Options on leveraged products that track the spot price of bitcoin via derivative swaps began trading on Thursday. Investors can now buy options on the T-Rex 2x Long Daily Target ETF and the T-Rex 2x Inverse Bitcoin Daily Target ETF, which were launched on Wednesday by Rex Shares and Tuttle. The SEC has yet to approve options on the nine new ETFs launched in January that track the spot price of bitcoin directly. The underlying leveraged ETFs are designed for daily traders interested in getting twice the return or betting on a decline in the underlying asset, which in this case is BlackRock's iShares Bitcoin Trust. Rex Shares and Tuttle encourage traders to approach this offering with diligence and be well-informed about the unique characteristics and risks associated with trading options for these specialized ETFs.
https://www.investing.com/news/stock-market-news/firms-launch-options-on-swapbased-bitcoin-etf-3516306
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