BlackRock's IBIT options positions have surpassed Deribit for the first time, accelerating the institutionalization process of the Bitcoin market
According to CoinDesk, the open interest (OI) of the Bitcoin spot exchange-traded fund IBIT under BlackRock once surged to $27.61 billion, surpassing the $26.9 billion scale of the Bitcoin options market on the crypto derivatives platform Deribit for the first time. Analysts believe this milestone indicates that the institutionalization process of the Bitcoin market in the United States is accelerating.
Additionally, according to Volmex data, the open interest volume of IBIT call options suggests that its call options primarily expect the Bitcoin trading price to rise to $109,709, which is about 41% higher than the current market price of $77,400. Furthermore, the average expiration date of IBIT options is also about two months longer than that of Deribit, indicating stronger bullish sentiment and a preference for longer-term holdings.
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