Options on BlackRock's popular iShares Bitcoin Trust ETF (IBIT) debuted on the Nasdaq Tuesday, ushering in a new way to speculate on the price of bitcoin.

Investors are positioning themselves to benefit from a continued rally in the price of Bitcoin on the first day of options trading in the iShares Bitcoin Trust, the biggest exchange-traded fund focused on the cryptocurrency.

Bitcoin is the largest cryptocurrency by market capitalization, and this new means of playing its price swings offers traders another way to make — and lose — a lot of money quickly. Here are five key tactics for Bitcoin traders looking to succeed in this volatile market.

Alex Thorn, head of research at Galaxy Digital, on Tuesday emphasized the transformative potential of derivatives for the Bitcoin market, particularly with the launch of options on

The Options Clearing Corporation (OCC) announced its readiness to manage the clearance and settlement of options on spot Bitcoin exchange-traded funds (ETFs).

Nasdaq Inc. is planning to list options on BlackRock Inc.’s Bitcoin exchange-traded fund, possibly as soon as Tuesday, allowing investors to use derivatives to bet on or against the world’s largest digital asset.

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BlackRock’s Bitcoin ETF options will start trading tomorrow with significant market implications after regulatory approvals.

The launch occurs alongside notable inflows into Bitcoin spot ETFs. On Monday, Coinglass data showed that BlackRock’s iShares Bitcoin Trust (IBIT) had a daily inflow of $87.95 million, the highest among all 11 US-listed spot ETFs that day.