Early Thursday, CoinDesk reported bullish-to-neutral shift in sentiment within the choices market tied to BlackRock’s spot bitcoin exchange-traded fund (ETF). However by the tip of the day, the state of affairs worsened additional, with sentiment turning barely bearish.
The one-year put-call skew, which displays how the market costs in volatility threat for put choices, providing draw back safety, relative to bullish name choices, turned barely constructive to 0.2%, in accordance with information supply Market Chameleon.
In different phrases, the day closed with protecting put choices buying and selling at a slight premium relative to calls in an indication of renewed bearish sentiment.
IBIT fell 1.32% to $59.99 Thursday, whereas registering a web influx of $125 million, the bottom single-day tally since Could 13, in accordance with information supply SoSoValue.