BlackRock’s Bitcoin Options Could Fuel A New All-Time High: Expert

“For a long time people would look at Deribit's D-Vol to calculate implied volatility but D-Vol is flawed,” Park said. “D-Vol only uses Deribit options. The reality is there's lots of offshore exchanges, there's now IBIT options , and we actually need more intelligent ways to quantify the parameterization of implied volatility.”