Unprecedented Activity in BlackRock Bitcoin ETF Options Amid Crash

On Thursday, options trading for BlackRock’s spot bitcoin ETF, known as IBIT, soared to an all-time high, reaching 2.33 million contracts as Bitcoin experienced a significant downturn.

This record trading volume has led to widespread speculation regarding potential disruptions within hedge funds, sparking theories about a possible blowup in their positions. The unusual spike in activity has caught the attention of market analysts and traders alike.