BlackRock Bitcoin ETF Options Open Interest Reaches $11 Billion Nominal Value, Representing Nearly 50% of Deribit's Open Interest

BlockBeats News, January 14th, according to CoinDesk's report, BlackRock's Bitcoin Spot ETF (IBIT) options have seen rapid growth since launching on November 19, 2024, with open interest currently at 2.16 million contracts, with a notional value of $11 billion, accounting for approximately 50% of Deribit's Bitcoin options market ($23 billion).

Deribit CEO Luuk Strijers stated in an interview that IBIT options primarily serve a group of U.S. retail investors who were previously unable to access Deribit. Instead of impacting their business, it has created new arbitrage opportunities and risk management strategies, bringing a positive impact to institutional participants. He added that IBIT options trading is mainly focused on short-term contracts, reflecting the market's demand for low-premium options.

An analysis by the crypto derivatives protocol Volmex Finance pointed out that due to the regulatory advantage of BlackRock's Bitcoin ETF as an underlying asset, IBIT options are attracting U.S. institutional investors and retail investors who prefer regulated markets.