BlackRock bitcoin ETF options errupt in crash: Hedge fund blowup or just market madness?

The recent surge in options tied to BlackRock's anticipated Bitcoin Exchange-Traded Fund (ETF) has sent shockwaves through the financial markets, raising crucial questions about whether this volatility signals the onset of a significant hedge fund collapse or if it can merely be attributed to an irrational frenzy among investors. As market participants grapple with the implications of such a dramatic shift, they are left to ponder the balance between speculative behavior and fundamental financial stability in the ever-evolving cryptocurrency landscape. source: https://www.coindesk.com/markets/2026/02/07/blackrock-bitcoin-etf-options-errupt-in-crash-hedge-fund-blowup-or-just-market-madness