According to ChainCatcher, citing CoinDesk, options trading volume linked to the BlackRock Bitcoin ETF (IBIT) has surged, with a total of 7,714,246 IBIT option contracts outstanding or open as of Tuesday.
According to data from optioncharts.io, among options linked to US-listed stocks, ETFs, and indexes, IBIT option contracts rank ninth in open interest; specifically among stock options, IBIT options rank second in open interest.
The report states that IBIT options have already surpassed gold ETFs and major tech stocks, highlighting Bitcoin’s growing appeal as a macro asset. Despite a decline in Bitcoin prices, IBIT options are trading more actively than options linked to the SPDR Gold Trust ETF, which is up 50% this year.
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