BlackRock's IBIT Hits $72 Billion, Fastest Growing Top 25 ETF, as Bullish Options Activity Surges

BlackRock's spot Bitcoin ETF, IBIT, has become a top 25 U.S. ETF by assets, reaching over $72 billion in assets under management just 1.4 years after its launch. IBIT is the youngest ETF among the top 25 by a factor of nine and is recognized as the fastest growing ETF in history.

IBIT is now ranked number 23 among all ETFs and has been responsible for over 100% of Bitcoin ETF flows this year by taking market share from competitors.

Recent trading activity in IBIT options has included a trader purchasing 3,000 June 27 $77 strike call options for a total premium of $39,000, a bet that IBIT will rise by about 28% from its recent closing price of $60.40. Over 12,000 July $65 calls were bought at prices between $2.00 and $2.40, while open interest in July $62 calls has exceeded 17,000 contracts. Another trader bought 4,000 August $90 calls at $0.40, a position that would benefit from Bitcoin moving toward $160,000 by that time.

According to CoinDesk, the options market for IBIT has turned bullish, with calls now trading at a premium to puts, reflecting renewed optimism and expectations of increased volatility in the ETF through the end of June.

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