Pro crypto traders are expressing bullish expectations for BlackRock's Bitcoin ETF, evidenced by significant trading activity in IBIT options. On the first day, the $100 call option saw considerable volume, indicating many believe the ETF price could double to $100 soon, given it closed at $52.70. With an astounding first-day trading volume of $1.9 billion in options, the majority were call options, showcasing a strong bullish sentiment. Over 32,000 contracts were traded for the $100 strike, which represents expectations of increased Bitcoin prices. Furthermore, activity on the Deribit exchange highlighted $381 million in open interest tied to a $200,000 strike bitcoin call, suggesting that many investors are anticipating a price surge. This increased activity, particularly in calls compared to puts, indicates a growing optimistic outlook among traders, which may lead to further volatility and potential price increases in Bitcoin as U.S. institutions and retail participants begin trading options.

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