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BlackRock’s Bitcoin Premium Income ETF Heads To Nasdaq In SEC Filing

by admin October 2, 2025

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Nasdaq has filed paperwork with the US Securities and Exchange Commission to list the BlackRock iShares Bitcoin Premium Income ETF, a product designed to generate income by selling options on bitcoin-linked holdings.

The proposal was submitted on September 30, 2025, and the SEC has opened a comment period as part of its review.

Trust Holdings And Structure

According to the Nasdaq filing, the Trust will hold primarily bitcoin, shares of BlackRock’s iShares Bitcoin Trust (IBIT), cash, and the premiums earned from written options on IBIT or on indices that track spot bitcoin ETPs.

The product is described as an actively-managed exchange-traded product that the sponsor intends to be treated as a publicly-traded partnership for US federal tax purposes.

BlackRock iShares Bitcoin Premium Income ETF filing. Source: Nasdaq

The filing also sets a minimum of 80,000 Shares required to be outstanding at commencement, and lists trading hours from 4:00 a.m. to 8:00 p.m. ET. BlackRock’s move follows a wider push by asset managers to offer income-style crypto products.

Reports have disclosed that the new ETF would collect premiums by writing covered calls, a strategy meant to produce regular distributions for investors who want yield rather than pure price exposure.

Source: BlackRock

Analysts quoted in market coverage say the approach limits upside in strong rallies but can smooth returns when bitcoin moves sideways or down.

How The Covered-Call Strategy Works

Covered calls are straightforward in concept but not without risk. The Trust would hold IBIT and bitcoin while selling call options against those holdings to collect premiums.

If the calls are exercised early, the filing says IBIT shares may be delivered out to the options clearer; certain OTC options would be cash-settled.

That mix of physical holdings and options income is intended to create a yield-focused product that behaves differently from a spot ETF.

BTCUSD trading at $118,601 on the 24-hour chart: TradingView

Market watchers note this is not BlackRock’s first bitcoin product. Based on reports, IBIT has already become a major vehicle for US investors since its launch, reaching large asset levels quickly and helping to normalize bitcoin exposure inside regulated funds.

That track record likely makes it easier for BlackRock to pitch a second, income-focused offering to both retail and institutional audiences.

Regulatory Steps

The next steps are procedural but important. The SEC’s notice solicits public comments and will consider whether the proposed listing satisfies Nasdaq’s Rule 5711(d) and investor-protection standards.

If the SEC requires changes — for example on disclosure around OTC options or daily NAV dissemination — Nasdaq and BlackRock would have to respond before trading can begin.

Featured image from Finance Feeds, chart from TradingView

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October 2, 2025 0 comments

NFT Gaming

Swedish Lawmakers Propose National Bitcoin Reserve

by admin October 2, 2025

In brief

Two members of the Sweden Democrats have submitted a motion calling for a study into creating a national Bitcoin reserve.
Proponents said it could position Sweden for a “potentially disruptive shift in the global financial infrastructure.”
The U.S. and other nations have already explored or held strategic Bitcoin reserves.

Two members of the Sweden Democrats, the Riksdag’s right-leaning, second-largest party, have submitted a motion urging the government to examine whether Sweden should create a national Bitcoin reserve.

The motion, filed on Oct. 1 by Dennis Dioukarev and David Perez, calls for an investigation into how to build a strategic Bitcoin reserve and which authority is appropriate to manage it. It also proposes that the government confirm it does not intend to change the definition of legal tender or introduce a central bank digital currency.

The lawmakers argue that Bitcoin could serve as a complement to gold and foreign exchange reserves. They describe the cryptocurrency as “digital gold” with the potential to diversify state holdings and provide inflation protection.

“By building a strategic Bitcoin reserve, Sweden is positioning itself for a potentially disruptive shift in the global financial infrastructure,” the proposal stated.

National Bitcoin reserves around the world

Momentum for state-level Bitcoin reserves has grown internationally, particularly since March, when U.S. President Donald Trump signed an executive order establishing a national Bitcoin reserve funded with confiscated assets.

While countries like Bhutan and El Salvador already held Bitcoin prior to this, the shift in U.S. policy has prompted a rethink of other nations around their approach to cryptocurrencies.

Several countries, such as the UK, China and Finland, have unofficial “reserves” of confiscated digital assets seized during criminal investigations, but politicians in countries like Poland and Latvia have also floated the idea of establishing strategic Bitcoin reserves.

Last week, Kazakhstan launched a state-backed crypto reserve containing BNB (BNB is the native token of the BNB Chain created by the exchange Binance, which signed an MOU with the Kazakh government in 2022).

At the U.S. state level, Texas, Arizona and New Hampshire have passed laws to create their own reserves.

The Swedish proposal comes as other lawmakers in Sweden have raised similar calls. Earlier this year, Dioukarev and another MP, Rickard Nordin, separately pressed Finance Minister Elisabeth Svantesson to reconsider Sweden’s cautious stance in light of Bitcoin’s growing role abroad.

Proponents in Sweden argue that adding Bitcoin to national reserves could reduce overall correlation among assets already in its reserve.

“Gold and foreign exchange reserves are traditional asset classes that are correlated with political, geopolitical and economic risks. In contrast, Bitcoin’s value is not driven by the monetary policies of individual states,” the motion noted—though Bitcoin does in fact follow general market trends.

Financial institutions have also weighed in. A recent paper from Deutsche Bank Research said central banks are reassessing their reserves amid inflation and geopolitical uncertainty. “While Bitcoin still faces many critics, it has increasingly become a household name,” the bank wrote, citing greater liquidity and institutional involvement.

But it warned that the asset remains volatile, vulnerable to fraud and relatively illiquid compared with gold.

The U.S. plan has also drawn criticism, with opponents arguing it could benefit political leaders personally and expose markets to instability.

In March, the late Democratic Congressman Gerry Connolly wrote that the reserve constituted “unsound fiscal policy” offering “no discernible benefit” to Americans. He added it acted merely as a “get rich quick scheme” for Trump.

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October 2, 2025 0 comments

Bitcoin Holds Near $114K As Us Inflation Hits 2.9% In August

GameFi Guides

Bitcoin Equilibrium Signals Move Toward $130K

by admin October 2, 2025

Bitcoin is holding strong around $118,700, with signs of pushing higher toward $130,000. As of writing, CoinMarketCap data shows Bitcoin trading at $118,716 with more than $69 billion in trading volume in the past day. Besides, the entire crypto market has grown to $4.08 trillion, climbing 2.15% in just 24 hours.

CryptoQuant analyst AxelAdlerJr noted that Bitcoin remains in the STH-MVRV pricing corridor, which tracks short-term holders’ profitability. “The upper boundary of this range (+1σ) currently runs around $130K and serves as a zone where short-term holders more actively lock in profits,” he explained.

Bitcoin in Equilibrium With Growth Potential to $130K

“The upper boundary of this range (+1σ) currently runs around $130K and serves as a zone where short-term holders more actively lock in profits.” – By @AxelAdlerJr pic.twitter.com/m1oJh4tj7U

— CryptoQuant.com (@cryptoquant_com) October 2, 2025

Since early 2024, Bitcoin has stayed above its average buying price, showing strong confidence. Because of this, the climb toward $130K is still likely if current trends continue.

Analysts See Next Targets Above $130K

Another analyst agrees. Ali_charts on X said that after Bitcoin passed $117,000, the next target could be $139,000.

Additionally, CryptoQuant’s Crypto Dan explained that long-term holders remain steady. “The current market is progressing slowly within the bull cycle, but there are no signs of an imminent end. In fact, a strong upward move may be just around the corner,” he noted. Hence, the broader cycle still suggests growth potential before any peak conditions emerge.

The Bull Cycle Is Slow but Still in Progress

“The current market is progressing slowly within the bull cycle, but there are no signs of an imminent end. In fact, a strong upward move may be just around the corner.” – By @DanCoinInvestor pic.twitter.com/wIUylhoyH9

— CryptoQuant.com (@cryptoquant_com) October 2, 2025

On-chain and derivatives data also show strength. According to Santiment data, funding rates are holding steady at 0.009%. This indicates that neither the long nor short positions are taking over, which minimize the risks of a rally driven by leverage.

Open interest has climbed to $40.59 billion, showing more traders are getting involved without risky borrowing. This means the rally looks driven by real demand and steady positions.

The chart shows that Bitcoin recovered quickly from September losses below $90,000, indicating backing from large investors.

Bitcoin’s climb looks well-grounded. With healthy trading, growing interest, and steady support, a run toward $130K feels increasingly possible.

Also Read: Bitcoin Miners Hit $56B Market Cap Despite Falling Margins

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October 2, 2025 0 comments

Crypto Trends

Bitcoin Four-Hour RSI Flips ‘Overbought’ in BTC Price Retracement Signal

by admin October 2, 2025

Key points:

Bitcoin may have topped out at $119,500 as price indicators flip “overbought.”
Traders eye a support retest to consolidate its latest rebound, which is nearing 10% in a week.
ETF inflows total $1.6 billion in three days, with IBIT breaking into the top 20 ETFs by assets.

Bitcoin (BTC) is ready for a short-term pullback and support retest as price metrics flash “overbought.”

Traders warned Thursday that BTC/USD may retreat lower next after hitting six-week highs above $119,000.

RSI calls for BTC price to take a break

Bitcoin has gained almost 10% over the past week as bulls stage a comeback, echoing the upside in gold.

Amid a trip to over $119,500 on Bitstamp, per data from Cointelegraph Markets Pro and TradingView, market participants nonetheless see the rally cooling before continuation is possible. This is due to price indicators becoming overheated.

“Looking at this further, pullback/retest makes sense as shown by LTFs,” popular trader Roman wrote in part of an X post on the topic.

“Everything is overbought but no signs of initial weakness. Simple breakout & retest.”BTC/USD four-hour chart with RSI data. Source: Cointelegraph/TradingView

Among the evidence supporting such a move is the relative strength index (RSI), now firmly in “overbought” territory at nearly 90/100. This marks the highest four-hour readings since July, when BTC/USD first traded above $123,000.

RSI is a classic leading indicator, and overbought values on lower timeframes can precede a market turnaround.

On the daily and weekly charts, the situation has proven to be different, with RSI staying “overbought” throughout the final phases of previous bull markets.

“Volume, rsi, & macd look good for continuation to 124k over next few days,” Roman summarized.

BTC/USD one-day chart with RSI data. Source: Cointelegraph/TradingView

Bitcoin ETFs underscore bullish momentum

Continuing on RSI, Caleb Franzen, creator of financial research resource Cubic Analytics, spied a bullish divergence playing out on Bitcoin versus the S&P 500 on Wednesday.

Related: Bitcoin pushes for $118K as analysis calls US gov’t shutdown ‘non-event’

This came from analyzing the largest US spot Bitcoin exchange-traded fund (ETF), BlackRock’s iShares Bitcoin Trust (IBIT).

Bullish RSI divergence for Bitcoin relative to the S&P 500 (IBIT/SPY). pic.twitter.com/hGH2XZoPWc

— Caleb Franzen (@CalebFranzen) October 1, 2025

Data from UK-based investment company Farside Investors confirms net inflows across the US ETF cohort of more than $1.6 billion this week. IBIT contributed $600 million of the total.

US spot Bitcoin ETF netflows (screenshot). Source: Farside Investors

At the same time, Eric Balchunas, a dedicated ETF analyst at Bloomberg Intelligence, confirmed its entry into the top 20 largest ETFs by assets.

“Someone asked me how long till Top 10. It is $50b away. If the last 12mo are repeated it may not take long. It took in $40b last 12mo and went up 85%,” he revealed on X.

“That said, those other ETFs growing too so i don’t know. If forced i’d set the over/under for Xmas 2026.”US ETF placement by assets. Source: Eric Balchunas/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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October 2, 2025 0 comments

NFT Gaming

Litecoin, Stellar Lead Altcoin Rally Following Bitcoin ‘Uptober’ Bounce

by admin October 2, 2025

In brief

Litecoin surged 10% to $118, while Stellar gained 9% to $0.40.
Short liquidations topped $480 million in 24 hours, as sentiment flips sentiment from fear to greed.
Traders are rotating into older coins with Bitcoin rising more than 8% since September 28.

The “Uptober” effect is in full swing.

Kicking off what has historically been Bitcoin’s strongest month, the original crypto has sparked a broad market rally, with capital rotating into older altcoins.

The forceful move has caught many traders off guard, triggering a massive wave of short liquidations and flipping overall market sentiment from fear to greed in a matter of days.

Litecoin has taken the lead among the top cryptocurrencies, surging 10% over the last 24 hours to trade at $118.

Litecoin’s outsized gains come amid hopes of a spot ETF approval, with the Canary Litecoin ETF facing its final Securities and Exchange Commission decision deadline on October 2.

While a U.S. government shutdown continues to weigh on investors’ minds, particularly as delays at the regulator have been put on hold, some are optimistic the issue will be resolved swiftly.

Stellar has followed closely with a 9% gain, reaching $0.40.

“Macroeconomic factors such as the U.S. government shutdown concerns and a drop in private sector employment are pushing investors toward safe-haven assets like Bitcoin and Gold.” Balaji Srihari, Vice President at CoinSwitch, told Decrypt.

As a result, capital is rotating into “dino coins,” Srihari said, referring to the 2017-launched Layer 1 tokens.

That surge has led to short liquidations exceeding $480 million in a 24-hour period, according to CoinGlass data. Compared to just $110 million in long liquidations, the disproportionate culling of bears hints at the magnitude of outsized buying pressure.

As a result, the Crypto Fear and Greed Index has shot up from fear to greed in less than a week, edging 15 points by some measures.

The seasonal uplift is what investors have dubbed “Uptober,” a trend in which Bitcoin and the broader market have historically triggered an uptrend after a typically bearish September.

“‘Uptober’ refers to October’s historical trend as Bitcoin’s strongest month,” explained Srihari. “Seasonality typically favors quarter four, and unlike the usual September weakness, this year Bitcoin ended September in the green, setting a higher base for October gains.”

The world’s largest crypto is up more than 3.5% over the last 24 hours and a further 8% since September 28 after rallying from $109,000 to $118,600 in quick succession.

If Bitcoin continues on this path, “we could see it hitting $140,000 soon,” he said, which could catalyze capital rotation into altcoins, sustaining the market breadth and serving as a tailwind to the ongoing rally.

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October 2, 2025 0 comments

Crypto Trends

XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

by admin October 2, 2025

A U.S. government shutdown and fresh stress in Japan’s bond market failed to derail digital assets this week, as traders positioned for looser global liquidity conditions.

With Friday’s U.S. payrolls report potentially delayed and Japanese yields climbing to their highest levels since 2008, crypto markets are showing signs of decoupling from broader macro caution.

The setup has fueled expectations that policymakers may eventually be forced to ease financial conditions, creating a friendlier backdrop for risk-taking.

“The U.S. government shutdown and weak employment numbers from ADP have impacted markets this past week. Traders believe that these catalysts could be making a case for the Fed to further stimulate the economy and cut rates through the rest of the year, which could boost stocks and cryptocurrencies,” said Jeff Mei, COO at BTSE, in a Telegram note to CoinDesk.

Shutdowns that delay data and weaken fiscal visibility often encourage central banks to act more cautiously, while rising yields in Japan hint at policy shifts that could ripple through global funding markets.

For crypto, these dynamics translate into speculation over fresh inflows and renewed appetite for volatility.

Bitcoin traded near $118,700, gaining more than 3% in the past 24 hours, while ether rose 5.6% to $4,374. Solana added nearly 7% to reach $223, and dogecoin surged almost 9% to $0.25, extending its outperformance among majors.

XRP steadied at $2.97 after volatile swings around the $3.00 level earlier this week. The broad rally lifted the market capitalization of all digital assets to over $2.37 trillion, per CoinMarketCap data.

Meanwhile, volatility metrics also reinforce the picture of steadier markets.

“The major theme this quarter is with lower implied volatilities, evident across equities, rates, FX, and even BTC. This has been driven by a collapse in realized volatilities thanks to an accommodative Fed, stabilizing global GDP, lack of significant tariff-passthroughs on CPI readings, and a flattening of geopolitics and tariff surprises,” said Augustine Fan, Head of Insights at SignalPlus, said in an email.

With bitcoin consolidating just under $119,000 and dogecoin pushing higher, the coming weeks may show whether flows can sustain momentum or whether renewed pressure from Washington and Tokyo will test crypto’s bid for decoupling.

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October 2, 2025 0 comments

GameFi Guides

Crypto Market Prediction: Bitcoin (BTC) to Rocket to $130,000? Shiba Inu (SHIB) Hits $0.000012 Breakout, XRP Breaks 5 Resistances in 1 Move

by admin October 2, 2025

Bitcoin, Shiba Inu and XRP are all showing bullish momentum: BTC has reclaimed key EMAs and targets $125,000-$130,000 if it holds above support; SHIB has broken $0.000012 with volume but must maintain strength to avoid retracing; and XRP has reset its outlook by clearing all major EMAs with resistance ahead at $3.00-$3.20.

Bitcoin is back

A recent strong rally that drove the price of Bitcoin (BTC) to $116,800 has put the cryptocurrency back in the public eye and sparked speculation about a possible breakout toward the $130,000 mark. Exponential moving averages (EMAs), which are frequently a sign of increased volatility and decisive actions, are convergent toward the current price, and the recent surge coincides with rapidly aligning technical indicators.

Bitcoin has reclaimed the 100 and 200 EMAs on the four-hour chart, breaking above significant short-term resistance with robust bullish momentum. An impending breakout is indicated by the 20 EMA and 50 EMA aligning near the price level, which further narrows the range. As the market builds pressure before releasing into a new trend, this compression of moving averages usually occurs before explosive moves.

Growing buyer conviction is reflected in the spike in trading volume, which supports the breakout potential. Additionally, momentum indicators show growing strength, and the RSI is above 68 and is approaching overbought territory without exhibiting any overt signs of exhaustion just yet. Bulls continue to hold a firm grip on the market as long as Bitcoin consolidates above $115,000.

If Bitcoin sustains its momentum and breaks through the $118,000 resistance level, the trajectory toward $125,000-$130,000 becomes more feasible. Nevertheless, traders should continue to exercise caution. Even though the technical picture is in favor of bulls, short-term pullbacks could be caused by overextended conditions.

The breakout attempt could be deemed invalid, and sellers could be invited back to the market if the price fails to hold above $113,000. For the time being, it is evident where Bitcoin is headed: EMAs are convergent, volatility is increasing and the stage is set for a possible skyrocketing that could push the price closer to $130,000.

Shiba Inu momentum back

In the short term, Shiba Inu has recovered its momentum, breaking through the $0.000012 level and displaying a robust green candle that suggests fresh buyer interest. The action follows SHIB’s successful break through the 50 EMA on the four-hour chart, a crucial dynamic resistance level that had been limiting price action for the previous two weeks. This technical milestone raises the possibility of an impending breakout.

Volume has increased significantly during the most recent push, suggesting that the rally is supported by real participation rather than just low liquidity. With an RSI of 66, the market is getting close to overbought but still has some upside potential before showing signs of exhaustion.

SHIB’s next obstacle, which is located close to the 100 and 200 EMA levels and grouped around $0.0000125-$0.0000130, is the break above short-term resistance. Still, prudence is necessary. Even with the breakout, SHIB is still trading inside a larger descending structure, and unless higher highs are set, the long-term trend is still bearish.

If momentum is not maintained above $0.0000120, SHIB may retrace and return to support in the range of $0.0000114-$0.0000118. Recent on-chain data, indicating notable declines in exchange reserves — a bullish signal that lessens possible selling pressure — has also influenced market sentiment regarding Shiba Inu.

But as previous rallies have shown, SHIB is still susceptible to steep declines if buyers are unable to maintain pressure.

XRP breaking through

In a single move, XRP broke through several resistance levels on the four-hour chart, putting on one of its best technical performances in weeks. The descending trendline that had restrained the token’s price action since mid-September was bypassed, along with the 20 EMA, 50 EMA, 100 EMA and 200 EMA. A wider recovery was made possible by this single decisive breakout, which broke through almost all of the short-term obstacles in its path.

With its current price around $2.95, XRP has essentially reset its technical outlook. The emphasis now moves to higher time frames, where the next significant obstacle is located between $3.00 and $3.05, since there are no significant obstacles remaining on shorter time frames. With momentum, XRP may move toward the larger descending channel resistance near $3.20 if bulls are able to secure a close above that zone.

This spike occurs at the beginning of Uptober, which is known for producing significant gains on the cryptocurrency market. With both Bitcoin and altcoins achieving above-average returns in previous cycles, October has frequently signaled the start of fourth-quarter rallies. The combination of XRP’s strong breakout and the seasonal effect raises the possibility that market sentiment is shifting in favor of additional upside.

Additionally, volume spikes on the breakout point to real market activity as opposed to a feeble short squeeze. With the four-hour chart’s RSI at 66, it is getting close to being overbought, but not yet overheated, allowing for further short-term momentum.

XRP is now poised for a possible trend reversal after overcoming weeks of consolidation. In keeping with October’s bullish undertones, the asset’s renewed strength is demonstrated by a clean break of five resistances in a single move. XRP might be about to embark on its next phase of recovery if Uptober goes as history predicts.

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October 2, 2025 0 comments

Crypto Trends

Bitcoin buoys altcoin rally amid U.S. shutdown jitters

by admin October 2, 2025

Bitcoin pushes past $117,000 as altcoins rally, yet a palpable caution lingers. The gains feel fragile, with traders’ eyes locked not on charts but on a paralyzed Capitol Hill, knowing political chaos could trump technical momentum.

Summary

Bitcoin climbs above $117K as a 4% market rally lifts altcoins like Solana, XRP, and Dogecoin.
Gains come as the U.S. government shuts down, fueling volatility and caution among traders.
Analysts warn the fiscal deadlock may heighten short-term risks, though long-term market impact could be limited.

The U.S. government entered a shutdown early Wednesday after a deadlocked Congress, embroiled in a partisan fight over healthcare subsidies, failed to pass a funding bill by the midnight deadline.

In the first hours of the fiscal standoff, Bitcoin solidified a rebound from its $109,000 support level, climbing more than 3.5% to reclaim the $117,000 mark, according to the crypto.news price page. This momentum acted as a rising tide, lifting the broader crypto market by 4% to a $4 trillion valuation.

Smaller cryptos like Solana (SOL), XRP, and Dogecoin (DOGE) capitalized on the move, surging over 5% and leading a robust altcoin rally that appears to have overshadowed the political gridlock.

Analysts warn of volatility as shutdown collides with Powell’s dovish shift

Market analysts remain divided on how much weight the U.S. government shutdown will carry for crypto, but they agree that it complicates an already delicate backdrop. The intersection of Washington’s fiscal paralysis and dovish hints from Federal Reserve Chair Jerome Powell is shaping into a tug-of-war that investors cannot ignore.

A Bitunix said in a statement obtained by crypto.news the political deadlock is injecting fresh volatility into an environment already adjusting to shifting monetary expectations. The analyst explained that a prolonged shutdown could delay crucial economic data, suppress consumer and investment activity, and ultimately amplify concerns about a growth slowdown.

Paradoxically, this weakness could strengthen the case for the very monetary loosening that initially fueled the crypto rally. For assets like Bitcoin and the broader crypto market, this means being pulled between two narratives: one where easy money is on the horizon, and another where economic anxiety triggers a flight to safety.

“The government shutdown represents a short-term political risk and does not alter the medium-term easing trend, but it does amplify market volatility. The current environment is caught in a tug-of-war between ‘rate cut expectations’ and ‘growth concerns,’ keeping investor sentiment cautious. For BTC, watch supports at 110k–112k and 106k–108k, with resistance at 116k and 122k–125k. Flexibility is key, and traders should closely monitor liquidation hotspots,” the analyst said.

Analysts call for measured calm

The Bitunix analyst’s sentiment of measured calm is echoed in the institutional sphere. Johnny Garcia, managing director of Institutional Growth and Capital Markets at VeChain, offers a longer-term perspective, stating in a note that government shutdowns are not without precedent and historically suggest little lasting effect on markets.

While the stakes on the table may give some a ‘this time is different’ hunch,” Garcia stated, “generally speaking a solution is eventually found.” The MD expressed confidence that the shutdown itself is “probably more noise than material for long-term market impact,” a view supported by the relatively muted reaction in traditional equity and bond markets at the onset.

Meanwhile, this is not uncharted territory for the United States. This marks the eleventh federal government shutdown in the past four decades, a recurring drama of partisan brinkmanship. The longest closure, a 35-day ordeal in late 2018, serves as a stark reminder of how protracted these disputes can become.

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October 2, 2025 0 comments

Crypto Trends

Bullish to Offer Bitcoin Options Trading With Top-Tier Consortium of Trading Partners

by admin October 2, 2025

Bullish (BLSH), the NYSE-listed digital assets platform focused on institutional investors and parent company of CoinDesk, will tentatively launch crypto options trading from Oct. 8.

These bitcoin BTC$111,480.33 options will be margined and settled in the regulated, dollar-pegged stablecoin USDC, which boasts a market cap of $73.85 billion at press time, the second-largest in the stablecoin industry. Additionally, they will be European-style options with expiries ranging from three weeks to three months. The contract multiplier will be 1, meaning one contract represents one full BTC.

The exchange plans to list options tied to ether, as well as other single assets and multi-asset indices, such as the CoinDesk 20 and CoinDesk 5, in the future.

Bullish’s decision to launch options is part of a broader industry trend marked by increasing demand for hedging instruments across the full spectrum of crypto products. This growing appetite is exemplified by the rising popularity of options tied to BlackRock’s spot Bitcoin ETF, which now rivals Deribit’s BTC options.

“Bullish is investing significantly in its institutional offering,” said Chris Tyrer, President of Bullish Exchange. “Our journey began with spot trading, expanded to include margin, then perpetual and dated futures, and now reaches a new milestone with the introduction of options.”

He added that the new product aims to deliver a complete derivatives product suite with capital efficiency and risk mitigation, all accessible through a single, unified trading account.

Options are derivative contracts that grant the holder the right, but not the obligation, to buy or sell a specific asset, such as bitcoin or other cryptocurrencies, at a predetermined price within a set time frame. A call option gives the right to buy, representing a bullish bet on the market, while a put protects against potential price losses.

The special thing about options is that they facilitate three-dimensional trading, allowing traders to bet on the price direction, the degree of price volatility and leverage time to expiration. This multi-faceted nature enables traders to create synthetic positions by combining spot, futures, and options markets, allowing them to manage risk with more tailored and flexible strategies.

Consortium of day-one trading partners

Bullish’s new options have been designed in close collaboration with leading options market makers, technology providers, and brokers to ensure they are specifically tailored to meet the needs of institutional investors.

More importantly, from day one, these options will be supported by a range of confirmed industry heavyweights as trading partners, including Abraxas Capital Management, Ampersan, B2C2, BlockTech, Cumberland, FalconX, Fig Markets, Flow Traders, Galaxy Digital, Monarq Asset Management, Pulsar, SignalPlus, Wintermute, and Qube Research & Technologies.

“Galaxy is excited to support the next chapter of Bullish’s journey,” said Jason Urban, Global Head of Trading at Galaxy. “The addition of options to its product suite is a strong step forward – enhancing liquidity, deepening price discovery, and strengthening the overall maturity of the crypto derivatives market.”

Unified margin system

The global crypto options market is valued at over $50 billion in notional open interest, with Deribit alone accounting for more than 80% of the activity. In other words, the exchange has a massive head start compared to the impending Bullish options contracts.

Still, Bullish’s announcement stands out due to the platform’s unified margin system, according to Tyrer.

“Bullish clients access all products via our unified account structure, allowing them to trade spot, perps, dated futures and now options with risk offsets and portfolio collateralization. This setup is designed for maximum capital efficiency, which is of paramount importance to our institutional client base,” Chris Tyrer, President of Bullish Exchange, said.

On Deribit, Segregated Standard Margin is the default margin system, which means that standard margin, the initial margin and maintenance margin (MM) requirements are calculated separately for each position in the account. These requirements are then summed together to generate the total margin requirements for the account.

Lastly, Bullish already has vibrant futures and spot markets, which are often seen as a prerequisite for a successful options product.

Since its launch in November 2021, Bullish has surpassed $1.5 trillion in cumulative trading volume. This year, the platform has executed over $2 billion in average daily volume and ranks in the top ten exchanges by spot volume for bitcoin and ether.

The business is licensed by the New York State Department of Financial Services, German Federal Financial Supervisory Authority, Hong Kong Securities and Futures Commission, and the Gibraltar Financial Services Commission.

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October 2, 2025 0 comments

GameFi Guides

Bitcoin Miners’ Market Cap Soared in September to Record High

by admin October 2, 2025

In brief

The market cap of top Bitcoin miners is soaring.
Last month, the top public Bitcoin miners tracked by JP Morgan passed the $50 billion mark.
The surge comes as companies in the space pivot to high-powered computing.

The market cap of Bitcoin miners soared in September as firms in the space benefited from pivots to high-powered computing that feeds the burgeoning artificial intelligence sector, according to a report from JP Morgan.

Analysts at the banking giant highlighted the surge in a Wednesday report, noting that the combined value of the 14 top publicly traded miners it tracks passed $50 billion for the first time ever.

Top mining stocks this week have jumped in value with the price of the leading cryptocurrency, too, with Mara, Riot, and CleanSpark all up significantly over the week—and the past month. Those firms retreated slightly on Wednesday.

“Growth in aggregate market cap outpaced bitcoin price appreciation for the sixth consecutive month, as operators continue to diversify their businesses away from bitcoin mining towards HPC,” the report read.

The surge in market cap comes as miners look to high-powered computing to increase profits. Google last month announced it was backstopping a deal between AI compute company Fluidstack and Bitcoin miner Cipher, giving Google the right to buy a 5.4% stake in Cipher.

Bitcoin miners—typically industrial operations consisting of warehouses full of computers that work to secure the network—are rewarded in newly minted coins for processing blocks on the decentralized payment network.

But when the price of the biggest cryptocurrency drops, businesses may struggle to cover their costs.

Experts have told Decrypt that while both Bitcoin mining and running a data center to power AI businesses may appear similar, the pivot from crypto to HPC isn’t always easy and requires different expertise.

HIVE Digital’s stock is up nearly 9% over the past week, and has surged by 41% over the past month. Nasdaq-listed MARA has jumped by 8% this week and nearly 16% over a 30-day period.

CleanSpark, meanwhile, has spiked more over the past month, with its share price up over 51% over that period. This week, CLSK has risen by 4%.

Bitcoin was recently trading above $117,615, a nearly 3% 24-hour rise. It dropped below $107,000 per coin at the start of September, CoinGecko data shows.

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October 2, 2025 0 comments