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

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