Bitcoin options open interest breaks $57 billion, institutional demand for hedging tools surges.

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PANews, July 31 news, according to The Block, as of July 28, the total amount of Bitcoin Options open contracts on major crypto exchanges has approached $50 billion. Among them, Deribit dominates with approximately $45 billion in open contracts. In addition, the Bitcoin ETF options market, such as the BlackRock IBIT fund, is also growing rapidly, with IBIT's options open contracts alone reaching $7 billion. Overall, the total exposure of the Bitcoin options market has exceeded $57 billion, reflecting unprecedented demand from institutions and retail investors for structured Bitcoin products.

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