Unchained · Saturday, July 25, 2026
The Biv US index, which tracks options on iBit (Bitcoin ETFs), shows a slight premium compared to the global Biv index. This difference is attributed to the transparency and clearing house structure of US equity options exchanges. Both markets are substantial, with regulated ETF options and offshore markets each valued at around $25 billion.
“And, you know, the regulated ETF options market and the, uh, you know, offshore, uh, market are roughly the same size. They're both, uh, about 25 billion, uh, on any given day, uh, recently.”
“And, you know, basically you can observe that the Biv index is a couple points below the Biv US index. This is largely attributed to, you know, small premium for, uh, you know, really like transparency and like, you know, the clearing house setup of the equity options exchanges in the US market.”
“Um, but largely the performance of the indices is very, very similar and, um, you know, it's something that we play close attention to.”