BlackRock Bitcoin ETF Options Made History

Record Options Trading in BlackRock's Bitcoin ETF

BlackRock’s spot Bitcoin ETF saw record options trading on IBIT, reaching 2.33 million contracts and $900 million in premium volume. However, this came as the fund dropped 13%, hitting its lowest level since October 2024.

A group led by analyst Parker links this record options activity and heavy selling to a leveraged hedge fund selling IBIT shares due to margin calls. This has deepened the decline, creating panic in the market.

Another faction argues that these flows essentially reflect the general market panic and routine risk management. Therefore, they emphasize that IBIT options now have a significant impact on the crypto markets.