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BlockBeats News, January 14th, cryptocurrency asset custody startup BitGo plans to raise up to $201 million through its U.S. initial public offering. It will offer 11.8 million shares of stock at a price range of $15 to $17 per share. From a performance perspective, the prospectus shows that in the first nine months of 2025, BitGo's revenue was approximately $10 billion, a significant increase from the same period last year (about $1.9 billion). Net profit was around $35.3 million, with net profit attributable to shareholders at approximately $8.1 million. In the same period last year, the company's net profit attributable to shareholders was $5.1 million. As of September 30, 2025, BitGo's platform custodied assets of around $104 billion, supporting over 1,550 types of digital assets. BitGo expects full-year revenue in 2025 to be between $16.02 billion and $16.09 billion. Founded in 2013, BitGo is one of the largest cryptocurrency custodians in the United States. As institutional interest in cryptocurrency assets grows, the company's role in storing and safeguarding digital assets for clients is becoming increasingly important. Goldman Sachs and Citigroup are the lead underwriters for this offering. BitGo plans to list on the New York Stock Exchange under the ticker symbol "BTGO".

Matrixport analysis points out that the trading activity of bitcoin and ethereum options has significantly driven market performance over the past two years, but recently the impact of options on prices has noticeably weakened. Ethereum options open interest peaks in August 2025, while bitcoin options open interest reaches its peak in October 2025. After these peaks, both positions decline significantly, with ongoing deleveraging and a reduced influence of options on spot price volatility. The notional open interest of bitcoin options has dropped from about $52 billion to around $28 billion, while changes in ethereum position structure indicate that the previous combination of long futures positions paired with put options hedging is being unwound.

Foresight News reported that Matrixport released a market analysis, stating that over the past two years, the increased activity in bitcoin and ethereum options trading has been an important driving force behind market performance. However, recently, the impact of options on prices has significantly weakened. Ethereum options open interest peaked in August 2025, while bitcoin options open interest reached its peak in October 2025. Since then, options-related positions in both major markets have declined significantly, with ongoing deleveraging, and the influence of options on spot price volatility has also decreased accordingly. This shift reflects a slowdown in the pace of some capital entering the market in the short term, with new positions being more selective. The notional open interest in bitcoin options has dropped from about $52 billion to around $28 billion. Although many traders still express their bullish expectations for the market by buying call options, the position structure of ethereum shows different characteristics: previously, long futures positions were often paired with put options for hedging, but currently, such hedging combinations are being gradually unwound, and deleveraging is still underway.