🚨 Wall Street’s New Obsession: Bitcoin Options Tied to BlackRock’s IBIT! 🚨

For the first time in history, Wall Street options on BlackRock’s IBIT ETF have overtaken crypto-native exchange Deribit in open interest.

📊 IBIT options OI surged to $38B after Friday’s expiry — while Deribit slipped to $32B, breaking its dominance since 2016.

🔥 Why this is huge:

Institutional shift: Big money players prefer regulated, Wall Street–listed products.

Liquidity migration: This could pull trading volume away from offshore platforms into ETFs & traditional finance.

Market stability: Options tied to IBIT may smooth volatility but also give Wall Street more influence over Bitcoin’s price action.

Next phase of adoption: Shows Bitcoin isn’t just retail-driven anymore — it’s becoming a core Wall Street asset.

👉 Impact:

Expect growing price discovery inside regulated markets, deeper liquidity for BTC, and stronger flows from pension funds, hedge funds & institutions.

This may reduce extreme volatility but also give Wall Street unprecedented control over BTC’s financialization.

⚡️ Bottom line: Bitcoin’s center of gravity is shifting — from offshore crypto exchanges to Wall Street. A new era of institutional dominance has begun.