These new financially settled contracts will expire daily from Monday to Friday.
The two tokens’ relative performance is more a sign of bitcoin strength than ether’s weakness, one observer said.
As observed by many metrics, Monday’s capitulation in bitcoin looks like a textbook local bottom.
Metaplanet issued 21 million shares through 0% discount moving strike warrants raising 116 billion yen ($745 million) to increase bitcoin treasury.
In January 2024, Cramer said that bitcoin was likely topping out and called for an exit. The asset has surged more than 100% since.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana’s SOL, which endured a double-digit pullback, one analyst said.
Bitcoin has had two 15% corrections since Donald Trump won the U.S. election.
The Securities and Exchange Commission had previously only allowed cash redemptions when the spot bitcoin ETFs were approved last January.
Bitcoin and ether holders can get loans to acquire tokenized properties — and use their crypto as collateral.
Some $6 billion of the notional value in bitcoin is currently set to expire out of the money.