Bitcoin ETF Options Boom Comes With Big Risks

[madmax]

Mandel’s failed bet highlights the risks of Bitcoin ETF options, a market that’s exploded in activity since late 2024.

According to Kaiko Research, trading volumes have soared as traders piled into bullish positions — just as Bitcoin ETF outflows hit multi-billion-dollar levels.

Speculative trades like Mandel’s remain rare but serve as a reminder that conviction doesn’t equal profit — even for long-time believers in Bitcoin’s future.

[Abdul Khan]

ETF options add liquidity, but also leverage — a double-edged sword. ️

[Rimon Khan]

Institutional exposure is great until volatility spikes. Manage risk, always.