BlackRock IBIT put premium exceeds call premium, market sentiment turns defensive

Odaily News The options market for iShares Bitcoin Trust (IBIT), BlackRock's spot Bitcoin exchange-traded fund, shows investors' concerns about downside risks. As of Thursday's close, IBIT's one-year put-call skew turned positive, reaching 0.2%, indicating that the premium of put options is slightly higher than that of call options, reflecting the market sentiment from the previous neutral to slightly bearish. On the same day, IBIT's stock price fell 1.32% to close at $59.99, but still recorded a net inflow of $125 million, the lowest single-day inflow since May 13. (CoinDesk)