Bitcoin options exposure exceeds $57 billion, as institutional demand for hedging tools surges According to The Block, as of July 28th, the total amount of open Bitcoin options contracts on major cryptocurrency exchanges has approached $50 billion. Among them, Deribit dominates with approximately $45 billion in open interest contracts. In addition, the options market for Bitcoin ETFs such as BlackRock IBIT Fund is also growing rapidly, with $7 billion in open contracts for IBIT options alone. Overall, the total exposure of the Bitcoin options market has exceeded $57 billion, reflecting an unprecedented surge in demand for structured Bitcoin products from institutions and retail investors.