Galaxy Digital: Bitcoin options trading activity is expected to continue until January 2027

Odaily News Galaxy Digital's trading team said BlackRock's IBIT ETF options had a great debut, with 353,716 contracts traded on the first day. Galaxy believes that trading activity will continue until January 2027, about half of Trump's time in office. It explained: "This concentrated long-term activity level reflects investors' confidence in the long-term growth potential of ETFs, indicating bullish sentiment in the coming years." So far, offshore cryptocurrency native platforms such as Binance and Deribit have been the main markets for Bitcoin derivatives trading. Galaxy said there is a clear volatility premium between Deribit, CME and IBIT, which may provide arbitrage opportunities for different platforms offering derivatives trading. On Friday, more than $9 billion in Bitcoin options contracts expired on Deribit, which may lead to increased price volatility as the expiration date approaches. "There is a lot of leverage in the system right now, the funding rate for futures contracts is high, and the crypto community has done its best, so there will be adjustments," said Mike Novogratz, CEO of Galaxy Digital.