BlackRock's IBIT Options debuted with a trading volume of nearly $1.9 billion on the first day, with 82% being call options. Bloomberg Senior ETF Analyst James Seyffart reported that 354,000 contracts were traded, comprising 289,000 call options and 65,000 put options, resulting in a call-to-put ratio of 4.4:1. This significant trading activity is believed to have contributed to Bitcoin reaching a new all-time high.