Blackstone IBIT options surpass Deribit on Nasdaq

CryptoWorld News reports that, according to CoinDesk, BlackRock’s Bitcoin exchange-traded fund (ETF) IBIT options have an open interest (OI) of $27.61 billion on Nasdaq, slightly higher than Derrybit’s $26.9 billion. This milestone indicates that U.S. regulatory agencies’ level of Bitcoin investment and derivatives infrastructure is no longer inferior to offshore markets. Derrybit’s global retail sales and business head Sidrah Fariq stated that the rise of IBIT is a net positive for the broader crypto derivatives ecosystem. She pointed out that U.S. retail investors cannot access platforms like Derrybit, so IBIT options offer them direct exposure to regulated leverage and options. According to Volmex data, IBIT options’ open interest is concentrated on bullish expectations for the ETF, projected to reach $109,709, about 41% higher than the current market price.

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