The open interest in Bitcoin options has now surpassed that of Bitcoin futures by an impressive $40 billion, indicating a significant shift in the cryptocurrency market that suggests it is maturing and evolving. This substantial increase in options open interest reflects growing investor confidence and interest in leveraging different financial instruments within the Bitcoin ecosystem, highlighting a more sophisticated approach to trading in such a volatile market. As more traders and institutions begin to utilize options, it could signal an important turning point in how Bitcoin is perceived and utilized in the broader financial landscape.
source: https://www.coindesk.com/markets/2025/10/22/bitcoin-options-open-interest-outpaces-futures-by-usd40b-signaling-market-maturation