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The News of Guggenheim Investments Seeking To Invest Bitcoin Triggered Massive Buying Activity In The Options Market

Mary Liu

Summary: According to Deribit Insights, Guggenheim Investments, a $275 billion company that has $5.3 billion in assets under management, filed an SEC amendment to apply to indirect invest Bitcoin through Grayscale's GBTC. The big news triggered a massive buying activity in the options market. Distributors of short callbacks did not expect BTC to rebound from the low by 2K+ to 18,000+, which ...

According to Deribit Insights, Guggenheim Investments, a $275 billion company that has $5.3 billion in assets under management, filed an SEC amendment to apply to indirect invest Bitcoin through Grayscale's GBTC. The big news triggered a massive buying activity in the options market. Distributors of short callbacks did not expect BTC to rebound from the low by 2K+ to 18,000+, which ignited the quiet weekend options market. Deribit Insights predicted that "Dec Calls bought, funded by Puts; hedges unwound".

By Mary Liu

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Link: The News of Guggenheim Investments Seeking To Invest Bitcoin Triggered Massive Buying Activity In The Options Market   [Copy]
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