Well, well, well… it seems BlackRock’s iShares Bitcoin Trust (IBIT) has decided to elbow Coinbase’s Deribit right out of the global Bitcoin options limelight. Following last Friday’s contract expirations-which, let’s be honest, probably felt like waiting for paint to dry-IBIT’s open interest in options surged to nearly $38 billion. For comparison, Deribit is sitting there with a humble $32 billion, quietly sipping its coffee. ☕
Traded on Nasdaq (because apparently, Bitcoin likes a bit of Wall Street glam), IBIT now manages a jaw-dropping $84 billion in assets. That’s right, $84 billion-enough to make a small country blush. This little milestone is a not-so-subtle reminder that institutional products are slowly but surely taking over the Bitcoin playground, one $38 billion step at a time. 🏦💸
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2025-09-30 09:38