BlackRock's spot Bitcoin ETF options open interest reaches $27.61 billion

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According to a report from CoinDesk, crypto volatility protocol Volmex data shows that as of last Friday, the open interest for BlackRock spot Bitcoin ETF (IBIT) options traded on Nasdaq reached $27.61 billion, for the first time surpassing Bitcoin options contracts (which stood at $26.9 billion) on Deribit, the offshore options giant. This milestone indicates that US-regulated crypto derivatives are being adopted rapidly by institutions. Analysts noted that the two positions differ in their characteristics: IBIT options exhibit stronger bullish sentiment and a preference for longer holding periods. Its call options mainly anticipate BTC rising to around $109,709 (above Deribit’s $106,000). In addition, IBIT options’ average expiration date (October 2026) is about two months later than Deribit’s (August 2026).

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