According to Odaily Planet Daily, as of July 28th, total open interest in Bitcoin options on major cryptocurrency exchanges has reached nearly $50 billion. Deribit dominates the market with approximately $45 billion in open interest. Furthermore, the options market for Bitcoin ETFs, such as BlackRock's IBIT Fund, is also growing rapidly, with open interest for IBIT options alone reaching $7 billion. Overall, total exposure in the Bitcoin options market has exceeded $57 billion, reflecting unprecedented demand for structured Bitcoin products from both institutional and retail investors. (The Block)