A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October
Published . Updated .
Your day-ahead look for Sept. 22, 2026
Directly affected
- No company is named in this report.
Indirectly affected
- BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITX 2X BITCOIN STRATEGY ETF
GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- IBIT ISHARES BITCOIN TRUST ETF
GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- NVDY YIELDMAX NVDA OPTION INCOME STRATEGY ETF
GA selected NVDY as a RELATED security because its canonical security name directly matches this event's themes: option. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Your day-ahead look for Sept. 22, 2026
Source: CoinDesk
The price since 22 Sep 2026: Bitwise Bitcoin ETF (BITB) versus the S&P 500
Since the first closing price after “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October,” Bitwise Bitcoin ETF (BITB) is -3.29%. The S&P 500 fund (SPY) is -0.17% over the same days, a -3.12% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies tied to this story
- BITB Bitwise Bitcoin ETF
Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 22 Sep 2026 story “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
For “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 22 Sep 2026 story “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
For “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October,” Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
In “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- NVDY Yieldmax Nvda Option Income Strategy Etf
In “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October,” Yieldmax Nvda Option Income Strategy Etf (NVDY) is linked, with no stored direction, medium confidence. Reason on file: GA selected NVDY as a RELATED security because its canonical security name directly matches this event's themes: option. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
The 22 Sep 2026 story “A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October” names Bitwise Bitcoin ETF (BITB) because of this story.
What ties Bitwise Bitcoin ETF (BITB) to the headline is this: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Proshares Ultra Bitcoin Etf (BITU): GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates in the story, and the Bitwise Bitcoin ETF (BITB) price range
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
A simple score for Bitwise Bitcoin ETF (BITB)
46 out of 100
“A $3.2 million 'bitcoin butterfly' option trade bets on $95,000 by the end of October” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.