BlackRock’s IBIT flips Deribit for bitcoin options trading
From sherwood.news
Bitcoin ETFs saw $521.95 million in inflows on Monday, with Fidelity Wise Origin Bitcoin Fund taking the lion’s share, recording $298.7 million in inflows, according to SoSoValue data. Total net assets across all bitcoin ETFs now sit at an eye-popping $150.4 billion, representing 6.6% of the total bitcoin market cap. In another sign of bitcoin’s increasing institutionalization, Bloomberg reported that BlackRock’s iShares Bitcoin Trust flipped crypto options platform Deribit (which Coinbase acquired for $2.9 billion in May) as the top bitcoin options venue. “Open interest in options tied to the Nasdaq-listed IBIT ...
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