BlackRock Dominates Bitcoin Options with IBIT; Bitcoin Hyper Next Big Bet?

BlackRock Dominates Bitcoin Options with IBIT; Bitcoin Hyper Next Big Bet?
The landscape of Bitcoin derivatives has recently witnessed a pivotal shift, with BlackRock’s iShares Bitcoin Trust (IBIT) ascending to an unprecedented position. Surpassing Coinbase’s Deribit platform, IBIT has emerged as the global leader in Bitcoin options, a remarkable feat given its relatively recent launch in November 2024. This development underscores a significant reorientation within the crypto market, signaling a robust institutional endorsement of Bitcoin-linked financial products. As IBIT establishes its dominance, innovative projects such as Bitcoin Hyper ($HYPER) are poised to capitalize on this burgeoning institutional interest and the broader bullish momentum in the cryptocurrency ecosystem. BlackRock's IBIT: A Rapid Ascent in Bitcoin Options BlackRock's iShares Bitcoin Trust has rapidly disrupted the long-standing order in the Bitcoin options market. Traditionally, Deribit, founded in 2016, has been the undisputed market leader for Bitcoin derivatives. However, …