PANews reported on January 14 that according to CoinDesk, BlackRock Bitcoin Spot ETF (IBIT) options have grown rapidly since their launch on November 19, 2024. The current open interest is 2.16 million contracts with a notional value of US$11 billion, accounting for approximately 50% of the Deribit Bitcoin options market (US$23 billion).

Deribit CEO Luuk Strijers said in an interview that IBIT options mainly serve the US retail investor group that previously could not access Deribit. Not only did it not impact its business, but it also brought positive impacts to institutional participants by creating new arbitrage opportunities and risk hedging strategies. He added that IBIT option trading is mainly concentrated in short-term contracts, reflecting the market demand for low premium options.

Crypto derivatives protocol VolmexFinance analysis pointed out that due to the compliance advantages of BlackRock Bitcoin ETF as the underlying asset, IBIT options are attracting US institutional investors and retail investors who prefer regulated markets.