BlackRock bitcoin ETF options saw record activity during crash, sparking theories of hedge fund blowup CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data By: Omkar Godbole Β· AI Boost 7 February 2026 at 02:25 Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.