BlackRock IBIT Bitcoin Options Open Interest Surpasses Deribit for First Time

Gate News message, April 26 — BlackRock's Bitcoin spot exchange-traded fund IBIT saw its options open interest (OI) reach $27.61 billion, surpassing crypto derivatives platform Deribit's Bitcoin options market OI of $26.9 billion for the first time. The milestone signals accelerating institutional adoption in the U.S. Bitcoin market.

According to Volmex data, IBIT call options show a primary bullish target of $109,709—approximately 41% above the current market price of $77,400. Additionally, IBIT options have an average expiration date roughly two months longer than Deribit, reflecting stronger bullish sentiment and longer-term holding preferences among institutional investors.