BlackRock's IBIT Sees Record Call Options Trading Amid Bullish Sentiment
A record-breaking 1.58 million call options were traded on BlackRock's iShares Bitcoin Trust (IBIT) in one day, marking a significant surge in bullish activity.
This spike, highlighted by Goldman Sachs, indicates that traders are aggressively seeking new exposure to Bitcoin rather than hedging existing positions.
The heavy call buying could drive up the ETF's price as market makers hedge by purchasing shares, reinforcing IBIT's status as the leading Bitcoin ETF among institutional investors.