Bitcoin Options Contracts Open Interest Surges Following ETF Filings

Institutional investors are showing much more interest in Bitcoin derivatives and options contracts since BlackRock and several other firms filed for exchange-traded funds.

Professional traders are flocking back to Bitcoin funds in the wake of multiple applications for exchange-traded funds by leading asset managers.

As a result, open interest (OI) for options contracts has soared to $13.8 billion, according to blockchain analytics firm Glassnode.

Furthermore, the increase in demand for Bitcoin options has pushed OI close to its all-time high of $15.1 billion, the firm added before commenting: