# Bitcoin ETF Options Attract Bullish Bets

*Author: Kazu Umemoto*
*Published: Nov 20, 2024*
*Source: https://www.bankless.com/de/read/btc-etf-options-attract-bullish-bets*

---

IBIT options went live on Tuesday and attracted nearly $2 billion in notional trading volume.

## What’s the Scoop?
- **Bullish Sentiment:** Call options were traded at a 4.4:1 ratio compared to puts, signaling strong bullish sentiment and a desire for BTC upside exposure.
- **Unheard-of Volume:** IBIT options debuted with nearly $2 billion in notional trading volume, analysts note that such high trading volume at launch is unprecedented for products like these.

## **Bankless Take:**
As expected, IBIT options saw a massive trading activity on their debut. The 4.4:1 ratio of calls to puts reflects the overwhelmingly bullish market sentiment, driven in part by bitcoin hitting new all-time highs. It will be interesting to monitor this ratio throughout the year, as market conditions evolve.

> UPDATE: Final tally of [$IBIT](https://twitter.com/search?q=%24IBIT&src=ctag&ref_src=twsrc%5Etfw)'s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That's a ratio of 4.4:1. These options were almost certainly part of the move to the new [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref_src=twsrc%5Etfw) all time highs today [pic.twitter.com/IN3s9hajJ2](https://t.co/IN3s9hajJ2)— James Seyffart (@JSeyff) [November 19, 2024](https://twitter.com/JSeyff/status/1858991206476509659?ref_src=twsrc%5Etfw)
---

*This article is brought to you by [Figure](https://www.bankless.com/de/sponsor/figure-1767965878?ref=read/btc-etf-options-attract-bullish-bets)*