BlockBeats news, on January 14th, according to CoinDesk, the BlackRock Bitcoin Spot ETF (IBIT) options have grown rapidly since their launch on November 19, 2024, with 2.16 million open contracts and a nominal value of $11 billion, accounting for approximately 50% of the Deribit Bitcoin options market ($23 billion).
Deribit CEO Luuk Strijers stated in an interview that IBIT options mainly serve the group of US retail investors who were previously unable to enter Deribit. They not only did not have an impact on their business, but also brought positive effects to institutional participants by creating new arbitrage opportunities and risk hedging strategies. He added that IBIT options trading mainly focuses on short-term contracts, reflecting the market's demand for low premium options.
According to Volmex Finance analysis of encrypted derivatives protocols, due to the compliance advantages of the BlackRock Bitcoin ETF as the underlying asset, IBIT options are attracting institutional investors in the United States and retail investors who prefer regulated markets.