Skip to content
Back to Guavy Wire
Crypto

IBIT Options Dominate Bitcoin ETF Hedging Market

Instruments
BTC
Share

IBIT options are taking over the Bitcoin ETF hedging market.

The notional value of IBIT options open interest hit $27.6 billion in April 2026, surpassing Deribit's $26.9 billion and accounting for 75% to 80% of total Bitcoin spot ETF options trading volume.

IBIT's dominance is evident in its massive daily trading volume, averaging between $2.7 billion and $3.0 billion, compared to FBTC which has a put bid-ask spread of $0.45.

IBIT's market capitalization reached $86,243,795,200 by September 2025, with an average daily volume of 44,590,758 shares.

More on Crypto

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

© 2026 Guavy Inc