Bitcoin options exposure exceeds $57 billion, with institutional demand for hedging tools surging

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PANews reported on July 31st that, according to The Block, as of July 28th, the total open interest in Bitcoin options on major cryptocurrency exchanges had reached nearly $50 billion. Deribit dominated the market with approximately $45 billion in open interest. Furthermore, the options market for Bitcoin ETFs, such as BlackRock's IBIT fund, is also growing rapidly, with open interest on IBIT options alone reaching $7 billion. Overall, the total exposure of the Bitcoin options market has exceeded US$57 billion, reflecting the unprecedented demand for structured Bitcoin products from both institutional and retail investors.
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