BlackRock Bitcoin spot ETF options trading volume surges, with open interest ranking among the top ten in the U.S

According to CoinDesk, the trading volume of options linked to the BlackRock Bitcoin ETF (IBIT) has surged, with a total of 7,714,246 IBIT options contracts active or outstanding as of Tuesday.

According to data from optioncharts.io, the outstanding contract volume of IBIT options ranks ninth among options linked to U.S. listed stocks, ETFs, and indices; in terms of stock options alone, IBIT options rank second.

The report states that IBIT options have surpassed gold ETFs and major tech stocks, highlighting the growing appeal of Bitcoin as a macro asset. Despite the decline in Bitcoin prices, the trading activity of IBIT options is higher than that of options related to the SPDR Gold Trust ETF, which has risen 50% this year.