Grayscale to Start Bitcoin (BTC) ETF Options Trading on November 21

Grayscale Investment LLC, announced on their X’s post on Nov. 20 that both of their Bitcoin spot ETF products will be available for options trading on Thursday.

Grayscale is set to begin options trading for both of its Bitcoin spot exchange-traded fund (ETF) products on Wednesday, according to an announcement from the company.

The news comes after BlackRock’s iShares Bitcoin Trust (IBIT) options began trading on the previous day and saw a huge volume of activity, with a total day-end notional value of $1.9 billion.

Grayscale’s announcement was made in an X's post on Monday, where the company stated that both of its Bitcoin spot ETF products will be available for options trading on Thursday.

"Grayscale thrilled that Options trading on both $GBTC and $BTC will begin tomorrow, further the developing ecosystem around our U.S.-listed #Bitcoin ETP,” the company’s official X said.

Both Grayscale Bitcoin Trust (GBTC) and the mini trust version will become the second Bitcoin-related product to be traded in options after receiving approval from Options Clearing Corporations (OCC).

In a separate X post, the Stamford-based company expressed its gratitude to its clients for continuing to invest in Bitcoin (BTC) and other crypto products.

"We couldn’t do it without you. Thank you for continuing to invest in BTC, crypto and the Grayscale family of products,” the company’s X stated.

Grayscale, Bitwise to follow IBIT’s success story

Other than Grayscale’s products, Bitwise Bitcoin ETF (BITB) is also among the options trading products set to launch today. The product will "allow the institutions and investor to hedge their exposure and pursue sophisticated trading strategies,” a report noted.

All three products will be traded on NYSE Arca, which already saw a total day-end volume of 11,000 listed securities.