Golden Finance reported that Kaiko issued a report stating that ETF options are the latest bullish signal for BTC. Several BTC ETF options debuted last week, with BlackRock’s IBIT options reaching $1.9 billion in notional volume on day one, totaling 354,000 contracts. By comparison, BITO options had $360 million in trading volume at launch in 2021. This strong buying power highlights strong demand for BTC-linked derivatives and bullish market sentiment. Notably, more than 80% of IBIT’s first-day options trading volume were call options, reflecting the market’s strong belief in a rising Bitcoin price. Trading activity is heavily focused on options with near-term expirations, with contracts expiring in December 2024 dominating. IBIT’s share of call options significantly outperforms Deribit, the largest crypto-native options market, with calls accounting for 64% of trades. The launch of BTC spot ETF options may further accelerate institutional adoption. These tools allow investors to hedge risks and develop sophisticated strategies to profit from Bitcoin’s volatility. Additionally, they can drive the creation of structured products, customized investments that offer specific risk-reward characteristics, often developed by large financial institutions. This could attract new capital and a new wave of experienced institutional traders.