BlackRock’s Bitcoin ETF, $IBIT, experienced a record surge in trading volume between February 5th and 9th, reaching around $10 billion in a day, accompanied by significant options activity totaling 2.33 million contracts valued at over $900 million in premiums, with a slight preference for puts amid a market decline. This substantial market activity coincided with large-scale accumulation behavior by whales, who added 66,940 BTC to their holdings on February 6th — the largest single-day inflow since 2022. This period marked a shift from earlier outflows and profit-taking, reflecting a broader trend of increasing institutional interest in Bitcoin, as firms like BlackRock lead the way in making cryptocurrency investment more accessible through products like Bitcoin spot ETFs.
BlackRock’s iShares Bitcoin Trust experiences record volume and options activity
