According to CoinDesk, the open interest (OI) of options on BlackRock’s spot Bitcoin ETF, IBIT, briefly rose to $27.61 billion, surpassing Deribit’s Bitcoin options market size of $26.9 billion for the first time. Analysts view this milestone as evidence that the institutionalization of the U.S. Bitcoin market is accelerating. According to Volmex data, the open interest in IBIT call options suggests that market participants primarily expect Bitcoin to reach a price of $109,709—approximately 41% above the current market price of $77,400. Additionally, the average expiration date of IBIT options is about two months longer than those on Deribit, indicating stronger bullish sentiment and a preference for longer-term positions.
BlackRock's IBIT Options Open Interest Surpasses Deribit, Signaling Institutional Bitcoin Growth
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Summary
BlackRock's IBIT options market open interest reached $27.61 billion, surpassing Deribit's $26.9 billion. This signals a shift in Bitcoin news as institutional activity increases. Volmex data shows IBIT call options imply a Bitcoin price of $109,709, a 41% increase from $77,400. Average expiration dates are two months longer than those on Deribit, indicating stronger bullish sentiment.
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