{"id":100626,"date":"2025-09-29T17:51:29","date_gmt":"2025-09-29T17:51:29","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=100626"},"modified":"2025-09-29T17:51:29","modified_gmt":"2025-09-29T17:51:29","slug":"wall-street-takes-the-lead-in-bitcoin-options-as-blackrocks-ishares-overtakes-coinbases-deribit","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=100626","title":{"rendered":"Wall Street Takes the Lead in Bitcoin Options as BlackRock\u2019s iShares Overtakes Coinbase\u2019s Deribit"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Wall Street Takes the Lead in Bitcoin Options as BlackRock\u2019s iShares Overtakes Coinbase\u2019s Deribit<\/a><\/p>\n

<\/div>\n

BlackRock Inc.\u2019s iShares Bitcoin Trust (IBIT) has surpassed Coinbase Global Inc.\u2019s Deribit platform to become the world\u2019s largest venue for Bitcoin options.<\/p>\n

Open interest in options tied to the Nasdaq-listed IBIT reached nearly $38 billion following Friday\u2019s contract expiry, compared with $32 billion on Deribit, per<\/a> Bloomberg.<\/p>\n

Founded in 2016, Deribit had long been the dominant hub for Bitcoin derivatives. In contrast, IBIT only launched<\/a> options trading in November 2024, making its rapid ascent all the more striking.<\/p>\n

In June of this year, IBIT set a new benchmark<\/a> in the ETF world, surpassing $70 billion in assets under management (AUM) in just 341 trading days \u2014 the fastest any ETF has reached that level.\u00a0<\/p>\n

By comparison, SPDR Gold Shares (GLD) took 1,691 days to hit the same milestone, while other major ETFs like VOO, IEFA, and IEMG took between 1,700 and 2,000 days.\u00a0<\/p>\n

Later in July, IBIT hit<\/a> $80 billion AUM in just 374 days \u2014 nearly five times faster than Vanguard\u2019s S&P 500 ETF, which took 1,814 days.<\/p>\n

The ETF\u2019s rapid growth coincided with the Bitcoin rally at the time.\u00a0<\/p>\n

U.S.-based regulation<\/h2>\n

This shift reflects a broader structural transformation in crypto markets. While offshore derivatives platforms historically thrived on leverage and high-risk trading, the center of gravity is moving toward<\/a> regulated, U.S.-based venues.\u00a0<\/p>\n

IBIT, currently the world\u2019s largest Bitcoin ETF with $84 billion in assets, is benefiting from a virtuous cycle: increased options liquidity enhances credibility, attracting more capital and further deepening the market.<\/p>\n

Despite the shift, Deribit \u2014 acquired<\/a> by Coinbase for approximately $2.9 billion in August \u2014 retains its strong following among crypto-native traders.\u00a0<\/p>\n

The platform\u2019s continued popularity highlights that while Wall Street is gaining influence, offshore and decentralized venues remain vital for speculative and experimental trading.<\/p>\n

This post Wall Street Takes the Lead in Bitcoin Options as BlackRock\u2019s iShares Overtakes Coinbase\u2019s Deribit<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Wall Street Takes the Lead in Bitcoin Options as BlackRock\u2019s iShares Overtakes Coinbase\u2019s Deribit BlackRock Inc.\u2019s iShares Bitcoin Trust (IBIT) has surpassed Coinbase Global Inc.\u2019s Deribit platform to become the world\u2019s largest venue for Bitcoin options. Open interest in options tied to the Nasdaq-listed IBIT reached nearly $38 billion following Friday\u2019s contract expiry, […]<\/p>\n","protected":false},"author":0,"featured_media":100627,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100626"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100626"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/100627"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}