BTC risk management grows more sophisticated as 'just bet on price' era fades: Crypto Daily
Summary
Bitcoin options grew to just under 60% of total derivatives open interest last week, up from about 50% at the start of the year, reflecting greater use of options for hedging and income strategies. The market totals roughly $129 billion, including about $76 billion in options; U.S. ETF options account for 47% of options open interest, with BlackRock’s IBIT representing nearly $35 billion. IBIT options open interest has tripled since January 2025. BlackRock has also launched an income-focused bitcoin fund and filed for a buffer ETF using options. Wider options use may contribute to declining bitcoin volatility. The article also notes bitcoin’s technical support and resistance levels.
