The latest news from TechFlow on January 14th, according to CoinDesk, BlackRock’s BTCSpot ETF (IBIT) Options has risen rapidly since its launch on November 19, 2024, with outstanding contracts reaching 2.16 million, with a nominal value of 11 billion US dollars, accounting for about 50% of the Deribit BTCOptions market (23 billion US dollars)
Deribit CEO Luuk Strijers said in an interview that IBIT Options mainly serves the group of US retail investors who were previously unable to access Deribit. Instead of causing an impact on its business, it has created new arbitrage opportunities and risk hedging strategies, bringing positive impacts to institutional participants. He added that IBIT Options trading is mainly concentrated in short-term contracts, reflecting the market’s demand for low-premium Options.
The analysis of the Volmex Finance crypto derivatives protocol pointed out that IBIT Options is attracting institutional investors in the United States and retail investors who prefer regulated markets, due to the compliance advantages of the BlackRock BTC ETF as the underlying asset.
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