Galaxy Digital: Expected Bitcoin options active trading activity to last until January 2027

Odaily Planet Daily reported that the Galaxy Digital trading team stated that the debut of BlackRock IBIT ETF options was a great success, with 353716 contracts traded on the first day. Galaxy believes that the trading activity will continue until January 2027, which is approximately half of Trump's presidency. The concentrated long-term activity level reflects investors' confidence in the long-term growth potential of ETFs, indicating bullish sentiment in the coming years So far, offshore cryptocurrency native platforms such as Binance and Deribit have been the main markets for Bitcoin derivative trading. Galaxy stated that there is a significant volatility premium between Deribit, CME, and IBIT, which may provide arbitrage opportunities for different platforms offering derivative trading. On Friday, over $9 billion worth of Bitcoin option contracts were due for delivery in Deribit, which could lead to increased price volatility as the expiration date approaches. Mike Novogratz, CEO of Galaxy Digital, said, "Currently, there is a significant amount of leverage in the system, and the funding rates for futures contracts remain high. The crypto community has done its best, so there will be adjustments