BlackRock IBIT Put Option Premium Exceeds Call Option, Market Sentiment Turns Defensive
The options market for BlackRock's spot Bitcoin exchange-traded fund, iShares Bitcoin Trust (IBIT), indicates investor concerns about downside risks. As of Thursday's close, IBIT's one-year put-call skew turned positive, reaching 0.2%, suggesting that the premium for put options is slightly higher than for call options, reflecting a shift in market sentiment from previously neutral to slightly bearish. On the same day, IBIT's stock price fell by 1.32%, closing at $59.99, but still recorded a net inflow of $125 million, marking the lowest single-day inflow since May 13. (CoinDesk)
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