Investor Cautions Flare Up in Bitcoin ETF Options Market

BlackRock’s spot Bitcoin exchange-traded fund (IBIT) options market is signaling growing investor unease about potential downside risks for Bitcoin. According to Odaily, the one-year put-call skew for IBIT reached 0.2%, turning positive, indicating a shift from neutral to slightly bearish sentiment. This positive skew signifies that investors are opting for put options, which provide protection against declines in price. The IBIT share price closed down 1.32% on Thursday at $59.99. This decline followed the fund experiencing a notable drop in net inflows; reaching a low of $125 million on Thursday, marking the lowest single-day inflow since May 13th.