BlackRock's Spot Bitcoin ETF Secures U.S. Top 10 Ranking With 7.7M Active Contracts

Options linked to BlackRock's spot Bitcoin ETF, IBIT, have rapidly ascended to become the ninth largest in U.S. options open interest, totaling 7,714,246 active contracts as of Tuesday. This ranking places IBIT options second among individual stocks alone. BloFin Research suggests this popularity underscores Bitcoin's growing status as a macro asset, noting that if Deribit's open interest were included, IBIT options would rival VIX and SPY. Debuting in November 2024, these options provide regulated access for institutions for hedging and yield strategies. Notably, IBIT options have surpassed those of the SPDR Gold Shares ETF, despite gold's significant surge this year, and also topped Bitcoin options open interest on Deribit by the end of September.

(Source：CoinDesk)