Bitcoin Options Open Interest Rises to Nearly 60%

The Bitcoin Volatility Index (BVIV) issuer Volmex reported that last week, the open interest of Bitcoin options accounted for slightly less than 60% of all Bitcoin derivatives open interest, up from about 50% at the beginning of the year. Market focus is shifting from merely betting on price direction to risk management. As of last Friday, the total open interest in the Bitcoin derivatives market was approximately $129 billion, with about $36 billion related to U.S. Bitcoin ETF options and about $35 billion for BlackRock's IBIT options. Including options on native crypto platforms, the Bitcoin options market size is approximately $76 billion.

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