IBIT Drops 1.32% to $59.99 Amid Shifting Sentiment in BlackRock’s Spot Bitcoin ETF Options
IBIT declined 1.32%, closing Thursday at $59.99, as market sentiment around BlackRock’s spot Bitcoin exchange-traded fund (ETF) shifted from bullish-neutral to slightly bearish throughout the day.
Earlier on Thursday, CoinDesk reported a generally optimistic to neutral tone in the options market linked to the ETF. However, by the end of trading, sentiment deteriorated somewhat, reflecting increased caution among investors.
The one-year put-call skew — a key indicator showing how much extra the market is paying for downside protection via put options compared to bullish calls — moved slightly positive to 0.2%, according to Market Chameleon. This shift suggests that protective put options were trading at a slight premium, signaling renewed bearish sentiment.
Despite the price decline, IBIT saw a net inflow of $125 million on Thursday. Although positive, this was the smallest single-day inflow since May 13, as reported by data provider SoSoValue.
