Options tied to BlackRock’s Bitcoin ETF have surpassed gold ETFs and tech stocks in open interest, reflecting Bitcoin’s rising status as a mainstream macro asset.
Options tied to BlackRock’s iShares Bitcoin Trust (IBIT) have risen to become the ninth largest in the U.S. market, with 7,714,246 contracts open as of Tuesday, surpassing gold ETFs and major tech stocks in activity. Launched in November 2024, IBIT options rank second in open interest among stocks and provide regulated instruments for hedging, speculation, and yield strategies. BloFin Research noted IBIT’s position rivals major macro asset options when including Deribit’s open interest. SPDR Gold ETF options trail significantly, despite gold’s 50% rise this year versus Bitcoin’s 0.1% decline. S&P 500 and Nvidia options remain market leaders with over 20 million contracts each.