BlackRock IBIT options position size surpasses Deribit for the first time, accelerating the institutionalization process of the Bitcoin market

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ME News Report, April 26 (UTC+8), BlackRock’s Bitcoin spot ETF IBIT options open interest reached $27.61 billion, surpassing the Bitcoin options market size of the crypto derivatives platform Deribit at $26.9 billion for the first time. This move is seen by analysts as a sign of the accelerating institutionalization of the U.S. Bitcoin market. Additionally, according to Volmex data, the open interest of IBIT’s call options indicates an expectation that Bitcoin’s price will rise to $109,709, about 41% higher than the current market price of $77,400. Meanwhile, the average expiration date of IBIT options is about two months longer than Deribit’s, reflecting stronger bullish sentiment and a longer-term holding strategy. (Source: MLion)

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