Express

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

Last Update:

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

Related Articles

  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 3 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 6 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 10 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 12 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 14 days ago

    • You need to login to comment.