BlackRock’s Bitcoin ETF Options Market Surpasses Deribit
- Open interest for BlackRock’s bitcoin ETF options (IBIT) reached $27.61 billion on Nasdaq.
- This figure slightly surpasses the $26.90 billion in open interest for bitcoin options on Deribit.
- IBIT options have closed the gap with Deribit’s market, which has been active since 2016.
- Expectations for IBIT call options suggest a potential BTC price rally to $109,709, about a 41% increase from current levels.
- The average expiry date for IBIT options is October 2026, indicating a longer-term investment strategy compared to Deribit’s August expiries.
The rise of IBIT options signals a shift towards regulated, institutional-grade bitcoin investment in the U.S., potentially attracting more Wall Street institutions into digital assets.
With IBIT’s open interest now at $27.61 billion, it highlights the growing significance of regulated markets in the cryptocurrency ecosystem compared to offshore platforms like Deribit.(Source)
