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By Omkar Godbole|Edited by Parikshit Mishra
May 30, 2025, 12:34 p.m.
- Early Thursday, CoinDesk reported a bullish-to-neutral shift in sentiment regarding BlackRock’s spot bitcoin ETF.
- By the end of the day, market sentiment turned slightly bearish with a positive put-call skew of 0.2%.
- IBIT fell 1.32% to $59.99 on Thursday, according to data source TradingView.
Early Thursday, CoinDesk reported bullish-to-neutral shift in sentiment in the options market tied to BlackRock’s spot bitcoin exchange-traded fund (ETF). But by the end of the day, the situation worsened further, with sentiment turning slightly bearish.
The one-year put-call skew, which reflects how the market prices in volatility risk for put options, offering downside protection, relative to bullish call options, turned slightly positive to 0.2%, according to data source Market Chameleon.
STORY CONTINUES BELOW
In other words, the day closed with protective put options trading at a slight premium relative to calls in a sign of renewed bearish sentiment.
IBIT fell 1.32% to $59.99 Thursday, while registering a net inflow of $125 million, the lowest single-day tally since May 13, according to data source SoSoValue.
Omkar Godbole is a Co-Managing Editor on CoinDesk’s Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot.
