BlackRock IBIT options holdings surpass Deribit for the first time, accelerating the institutionalization of Bitcoin

Odaily Planet Daily News The open interest (OI) of options on BlackRock's Bitcoin spot ETF IBIT rose to $27.61 billion on Friday, surpassing the $26.9 billion of the cryptocurrency derivatives platform Deribit's Bitcoin options market for the first time.

According to Volmex data, the call options held in IBIT are primarily betting on the Bitcoin price rising to $109,709 in the short term, approximately 41% higher than the current level of around $77,400; meanwhile, the Deribit market mainly expects Bitcoin to rise to around $106,000. At the same time, the average time to expiration for IBIT options is about two months longer than for Deribit, indicating that investors in the U.S. regulated market prefer longer-term holdings and exhibit stronger bullish sentiment, further highlighting the accelerating trend of institutionalization in the Bitcoin market. (CoinDesk)