BlackRock’s IBIT options positions surpass Deribit for the first time, accelerating the institutionalization of the Bitcoin market

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ME News: On April 26 (UTC+8), the open interest size of options on the BlackRock-backed spot Bitcoin ETF IBIT reached $27.61 billion at one point, for the first time exceeding the Bitcoin options market size of crypto derivatives platform Deribit, which stood at $26.9 billion. Analysts view this as a sign that the institutionalization of the U.S. Bitcoin market is accelerating. In addition, according to Volmex data, IBIT’s open interest for call options indicates that the market expects Bitcoin’s price to 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)
BLK7.51%
IBIT0.77%
BTC0.43%
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