Insurance Against Losses on BlackRock’s Spot Bitcoin ETF Surpasses the Price of Bullish Bets

IBIT Edges Down 1.32% to $59.99 as Options Sentiment Turns Bearish on BlackRock’s Spot Bitcoin ETF

On Thursday, IBIT slipped 1.32%, closing at $59.99 amid a notable shift in options market sentiment surrounding BlackRock’s spot Bitcoin ETF. What started as a bullish-to-neutral outlook earlier in the day gave way to growing caution by the close.

Data from Market Chameleon showed the one-year put-call skew turning slightly positive at 0.2%, indicating that put options—used as downside protection—were modestly more expensive than bullish calls. This subtle premium on puts reflects a cautious stance among traders anticipating potential downside risk.

Meanwhile, IBIT experienced a net inflow of $125 million, marking the lowest daily inflow since May 13, according to SoSoValue. Though funds continue to flow in, the reduced pace mirrors the more cautious market mood.

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