The trading team at Galaxy Digital said that BlackRock IBIT ETF options were heavily traded in the US stock market, with 353,716 contracts traded on the first day, compared to the previous most active first day of trading for options products when Facebook options went live in 2012, with 360,000 contracts traded. Galaxy expects this active options trading activity to continue until January 2027, about half of Donald Trump's administration, and this concentrated level of long-term activity reflects investor confidence in the long-term growth potential of bitcoin ETFs, foreshadowing bullish sentiment in the coming years. Galaxy added that offshore cryptocurrency native platforms such as Binance and Deribit have been the main markets for bitcoin derivatives trading, but there is a significant volatility premium between Deribit, CME, and IBIT, which could provide arbitrage opportunities between different platforms offering derivatives trading.