IBIT options launched on Tuesday, marking a significant development in the cryptocurrency market. On the first day, these options attracted $2 billion, indicating strong institutional interest in Bitcoin (BTC). This move is expected to influence BTC's market structure by potentially increasing liquidity and attracting more institutional investors.

IBIT options went live Tuesday in a first, a move that market participants widely expect to draw more institutional interest in bitcoin (BTC). Here’s how they could impact the market.

IBIT options attract $2 billion on their first day, which may change the structure of the BTC market.