BlackRock’s IBIT ETF has now emerged as the largest platform for Bitcoin options trading worldwide, surpassing Deribit in this domain.
This achievement underscores Wall Street’s increasing influence within the cryptocurrency derivatives sector. With assets totaling around $84.6 billion, IBIT stands as the most capital-rich Bitcoin ETF globally.
Previously, Deribit held the top position in global Bitcoin options trading volume until BlackRock’s ETF took over.
The rise in options linked to IBIT is driving price discovery led by ETFs and is capturing a larger portion of the overall crypto options market. This development coincides with BlackRock’s filing for a premium income ETF designed to generate returns through selling covered calls on its IBIT holdings.
BlackRock continues to broaden its involvement with Bitcoin across various products. The firm increased its allocation of Bitcoin by 38% within its $17.1 billion Global Allocation Fund, possessing over 1 million shares of IBIT valued at $66.4 million as of July 2025.