BlackRock’s Bitcoin Spot ETF Sees Explosive Growth in Options Market, Dominating Deribit with $11 Billion Notional Value

According to a recent report by CoinDesk on January 14th, BlackRock’s **Bitcoin Spot ETF** (IBIT) options have experienced significant traction since their launch on November 19, 2024. The current open interest stands at 2.16 million contracts, with a **notional value** reaching $11 billion. This impressive figure accounts for roughly 50% of the total **Bitcoin options market** on Deribit, which is valued at $23 billion. Deribit’s CEO, Luuk Strijers, noted that these IBIT options are predominantly appealing to U.S. retail investors who previously lacked access to Deribit’s services. Rather than competing with traditional offerings, this expansion has generated new arbitrage avenues and enhanced risk management strategies, positively influencing institutional market participants. Additionally, trading in IBIT options is primarily concentrated around short-term contracts, showcasing the market’s inclination towards **low-premium options**. Furthermore, an analysis from Volmex Finance highlighted that the regulatory advantages associated with BlackRock’s Bitcoin ETF are effectively attracting both U.S. institutional and retail investors who favor regulated trading environments.