IBIT Falls 1.32% to $59.99 as Options Traders Show Growing Caution on BlackRock’s Spot Bitcoin ETF
IBIT saw a 1.32% decline Thursday, settling at $59.99 amid a shift in options market sentiment related to BlackRock’s spot Bitcoin ETF. What began as a bullish to neutral outlook earlier in the day gradually shifted to a slightly bearish stance by market close.
Market Chameleon data revealed that the one-year put-call skew rose modestly to 0.2%, indicating that protective put options were trading at a small premium over bullish calls. This move suggests investors are increasingly hedging against downside risk.
On the fund flow front, IBIT recorded a net inflow of $125 million, the lowest daily inflow since May 13, per SoSoValue. The reduced inflow underscores the cautious sentiment prevailing in the market.
