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Bitcoin Options Tied to BlackRock’s IBIT Are Now Wall Street’s Favorite

IBIT's open interest in Bitcoin options reached nearly $38 billion, surpassing Deribit less than a year after launching, driven by institutional adoption and regulatory approval.

  • BlackRock's iShares Bitcoin Trust surpassed Deribit as the largest Bitcoin options trading venue on September 30, 2025.
  • This milestone follows IBIT's introduction of listed options in November 2024 and reflects growing institutional demand and market shifts.
  • IBIT manages around $84.6 billion in assets and, following the recent contract expiration, its options open interest reached nearly $38 billion, surpassing Deribit's $32 billion.
  • George Mandres highlighted that increased involvement from Wall Street injects significant capital and expertise into Bitcoin options, enhancing market depth, reducing bid-ask differences, and improving overall trading efficiency.
  • The shift indicates a structural change toward regulated US markets while preserving offshore venues, suggesting a dual ecosystem in crypto derivatives trading.
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Bloomberg broke the news in United States on Monday, September 29, 2025.
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