Key Notes

Trader buys 3,000 IBIT $77 call options, betting on a 28% rally by June end.

IBIT surpasses $70B AUM, now among top 25 largest ETFs.

Bitcoin ETF inflows resume with $375M, led by Ark Invest and Fidelity.

BlackRock’s iShares Bitcoin Trust (IBIT) has been on investors’ radar following stellar inflows and AUM crossing $70 billion.

With IBIT share price up 13% over the last month, traders are now betting on a moonshot, expecting 28% upside from the current level all the way to $77.

Will Blackrock’s IBIT Share Hit $77 by June End?

On Tuesday, a trader acquired 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data from Barchart.com. The purchase involved a total premium of $39,000, reflecting a significant bullish stance on the Bitcoin-trackin

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