BlackRock bitcoin ETF options errupt in crash: Hedge fund blowup or just market madness?

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Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.

source https://www.coindesk.com/markets/2026/02/07/blackrock-bitcoin-etf-options-errupt-in-crash-hedge-fund-blowup-or-just-market-madness

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