Summary
- BlackRock's Bitcoin spot ETF IBIT rose to No.1 in options market trading volume.
- IBIT's open interest was $38 billion, surpassing Deribit.
- Experts said U.S. ETFs are becoming central to institutional Bitcoin trading.
BlackRock's Bitcoin (BTC) spot exchange-traded fund (ETF) IBIT has emerged as the world's largest Bitcoin options trading venue.
On the 30th (Korean time), according to Crypto News, IBIT's open interest was recorded at about $38 billion immediately after last Friday's expirations. This surpasses the previous market leader Deribit ($32 billion).
BlackRock launched IBIT in January 2024 to provide investors with direct Bitcoin exposure. Coinbase Prime serves as the custodian, and the 0.25% management fee was initially cut to half to drive rapid inflows.
Market experts said, "Offshore exchanges will continue to absorb speculative demand, but institutional Bitcoin trading is now centered on U.S. ETFs."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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