IBIT Call Options Volume Hits Record High, Average Over 1M Daily

The signal here is less about Bitcoin's direction than about where institutional appetite is being expressed: options on a regulated ETF, not spot or offshore venues. Record call volume concentrated in IBIT suggests leverage-seeking behavior is migrating into the same wrapper that allocators already use for exposure, which matters for how liquidity and volatility get transmitted across both the ETF and underlying market. Whether this pace persists beyond a short window, and whether it reflects durable positioning or tactical trading, is the open question.