Key Highlights
- A trader purchased 3,000 IBIT $77 call options, anticipating a 28% increase by the end of June.
- IBIT has exceeded $70 billion in assets under management (AUM), placing it among the top 25 largest ETFs.
- Inflows into Bitcoin ETFs have resumed with $375 million, primarily driven by Ark Invest and Fidelity.
BlackRock’s iShares Bitcoin Trust (IBIT) has attracted significant investor attention due to impressive inflows and its AUM surpassing $70 billion.
With IBIT’s share price up 13% over the past month, traders are optimistic, expecting a rise of 28% to reach $77 by the end of June.
Will BlackRock’s IBIT Shares Reach $77 by June?
On Tuesday, a trader bought 3,000 contracts of the IBIT $77 strike call option set to expire on June 27, as reported by Barchart.com. This acquisition involved a total premium of $39,000, indicating a strong bullish outlook on the Bitcoin-focused ETF.
Bitcoin $BTC Unusual Options Trade 🚨
A trader bought 3,000 $IBIT 77 strike calls expiring June 27 this morning for $0.13 (total premium of $39,000) pic.twitter.com/eKcz6T3qyi
— Barchart (@Barchart) June 4, 2025
A call option allows the buyer to purchase the underlying asset at a specified price before the contract expires. The $77 strike call indicates an expectation that IBIT’s price will rise above this level, reflecting a 28% increase from its closing price of $60.40 on Tuesday.
Market analyst EndGame Macro perceives this transaction as a bold move, likely spurred by the anticipation of significant catalysts or as a hedge against larger positions.
That’s a high-confidence bet on a near-term price jump. With IBIT trading at $60.40 and the $77 strike about 28% out of the money, this trader is either expecting a substantial catalyst or a macro shift… https://t.co/fTiFEQGuZy
— EndGame Macro (@onechancefreedm) June 4, 2025
Bitcoin ETF Inflows Resume
On Tuesday, Bitcoin ETF inflows resumed, totaling $375 million. Notably, Ark Invest’s ARKB and Fidelity’s FBTC led the way, each contributing over $130 million to the inflows, following a recent trend of $1 billion outflows in prior sessions.
Additionally, Trump’s media company filed to introduce a Truth Social Bitcoin ETF aimed at tracking spot Bitcoin and listing it on the NYSE. Bloomberg’s Eric Balchunas, however, suggests that this move may be coming too late, with the market already dominated by major players like BlackRock and Fidelity, making competition challenging for newcomers.
Disclaimer: Coinspeaker is dedicated to delivering unbiased and transparent reporting. This article aims to provide accurate information but should not be interpreted as financial or investment advice. Always verify details independently and consult with a professional before making any financial decisions.
