According to CoinDesk, data from the crypto volatility protocol Volmex shows that the open interest of the Bitcoin ETF (IBIT) options traded on Nasdaq last Friday reached 27.61 billion USD, surpassing the Bitcoin options contracts on the offshore options giant Deribit (26.9 billion USD) for the first time.
This milestone marks the rapid adoption of compliant crypto derivatives by institutions in the United States. Analysis indicates that there are differences in the position characteristics of the two: IBIT options exhibit stronger bullish sentiment and a longer-term holding preference, with their call options mainly expecting BTC to rise to around 109,709 USD (higher than Deribit's 106,000 USD); additionally, the average expiration date of IBIT options (October 2026) is about two months longer than Deribit's (August 2026).
According to CoinDesk, data from the crypto volatility protocol Volmex shows that the open interest of the Bitcoin ETF (IBIT) options traded on Nasdaq last Friday reached 27.61 billion USD, surpassing the Bitcoin options contracts on the offshore options giant Deribit (26.9 billion USD) for the first time.
This milestone marks the rapid adoption of compliant crypto derivatives by institutions in the United States.
Analysis indicates that there are differences in the position characteristics of the two: IBIT options exhibit stronger bullish sentiment and a longer-term holding preference, with their call options mainly expecting BTC to rise to around 109,709 USD (higher than Deribit's 106,000 USD); additionally, the average expiration date of IBIT options (October 2026) is about two months longer than Deribit's (August 2026).