The Bitcoin Options ETF is set to commence trading today, sparking optimism in the broader crypto market. This news comes after the success of the US Spot Bitcoin ETF, which saw a strong influx of $254.8 million on November 18. Nasdaq Inc. is reportedly planning to allow options trading on BlackRock Inc’s BTC ETF, enabling traders to leverage derivatives to bet on or against the top crypto by market cap. The firm is looking to list and commence trading of the options ETP as soon as possible, with high expectations for significant trader interest.
The recent approval of the BTC Options ETF by the US Commodity and Futures Trading Commission has sparked market discussions. The anticipation over a clear regulatory path for the digital assets space, along with pro-crypto policies in the US after the Republican victory, has fueled market sentiment. Investors are hopeful that the rally will continue in the coming days, with some predicting that Bitcoin could hit $200,000.
BTC price today traded near the flatline at $91,800, with a one-day trading volume of $73.59 billion. The flagship crypto has touched a 24-hour high of $92,596 and has seen a monthly gain of 34%. BTC Futures Open Interest has also risen more than 1.5%, indicating strong market confidence towards the crypto. The optimism over the potential Bitcoin Options ETF launch in the US has further fueled market sentiment, with experts predicting a bullish trend for Bitcoin in the near future.
Prominent crypto market expert Ali Martinez has shared a bullish prediction for BTC, highlighting the historical trends of the crypto and suggesting it could reach $150,000 next. Similarly, another crypto market analyst, Crypto Rover, predicts Bitcoin to soar past the $200,000 mark. Fundstrat Head of Research Tom Lee also believes that the crypto is poised to continue its rally in the coming days, further fueling market interest in Bitcoin and the broader crypto market.
In conclusion, the Bitcoin Options ETF set to start trading today has sparked optimism in the crypto market, with growing institutional interest in the digital assets space. The approval of the US Spot Bitcoin ETF and the anticipated launch of the options ETP on Nasdaq have fueled market sentiment and discussions. With experts predicting a potential rally for Bitcoin and the crypto market in the coming days, investors are keeping a close eye on developments in the space.
