For over a decade the SEC rejected every Bitcoin ETF application. Then BlackRock filed. In January 2024 eleven spot Bitcoin ETFs were approved at once, and $97 billion has flowed in faster than almost any new fund category in history. Harvard Management Company increased their IBIT position by 257% in a single quarter. It is now their largest publicly disclosed US equity holding. Not their largest crypto position. Their largest equity position period. But the part most options traders are completely missing: IBIT has listed options with IV running 40 to 50%, roughly double what you see in SPY. Same frameworks, same strategies, totally different premium environment. Helpful links: tastylive: tastylive.com Get Tom's pre-market analysis every morning: tastylive.com/newsletters FREE Options Strategy Guide: tinyurl.com/bp9ms763 Follow tastylive on X: x.com/tastyliveshow CHAPTERS: 00:00 $97 Billion in Bitcoin ETFs: Why This Moment Is Different 00:53 A Decade ...