Why investors are flocking to BlackRock’s bitcoin options to hedge against a wild global economy
CoinDesk
BlackRock’s IBIT options have surpassed Deribit in open interest, marking a significant milestone for regulated U.S. institutional crypto derivatives and market adoption.Summary
BlackRock’s IBIT options have reached $27.61 billion in open interest, surpassing the offshore exchange Deribit for the first time. This milestone highlights the rapid institutionalization of bitcoin, as U.S.-based investors increasingly utilize regulated derivatives for hedging and speculative strategies. While the two markets are now similar in size, IBIT options cater to a more long-term, onshore investor base, whereas Deribit remains the hub for tactical, global trading. Industry experts view this shift as a positive expansion of the crypto ecosystem, fostering greater market sophistication and accessibility.
(Source：CoinDesk)