Bitcoin ETF options will be launched today, triggering market optimism about BTC potentially rising to $200,000 in the coming days amid soaring institutional interest.
Reportedly, the Bitcoin options ETF will begin trading today, which has sparked optimism in the cryptocurrency market. Notably, the anticipated approval has also bolstered market confidence that BTC may rise to $200,000 in the coming days. Additionally, the U.S. spot Bitcoin ETF has regained momentum, seeing significant inflows this week, indicating growing institutional interest in the digital asset space.
Bitcoin options ETF will begin trading today
A recent report by Bloomberg states that Nasdaq plans to allow BlackRock's BTC ETF to trade options today. The approval of Bitcoin options ETFs will enable traders to leverage derivatives to bet on or hedge the highest market cap cryptocurrency.
This move has sparked optimism in the market, especially after the success of the U.S. spot Bitcoin ETF, which has led to a surge in interest. According to data from Farside Investors, after two consecutive days of outflows, the U.S. spot Bitcoin ETF saw an inflow of $254.8 million on November 18.
Notably, on Monday in Bloomberg ETF IQ, Nasdaq's ETP listing head Alison Hennessy stated that the company plans to list and start trading options ETP as early as 'tomorrow.' Furthermore, she expressed confidence that once these 'options are listed on IBIT,' they would attract significant attention from traders.
Moreover, another Nasdaq spokesperson also confirmed this news today. It is worth noting that this news comes after the U.S. Commodity Futures Trading Commission (CFTC) recently approved the launch of a BTC options ETF, spurring market discussions.
Meanwhile, Bitcoin has seen a strong surge in the past few days, hitting an all-time high after Donald Trump won the election. The Republican victory has fueled market sentiment due to expectations of a clear regulatory path in the digital asset space and U.S. support for cryptocurrency policies. That said, many investors anticipate that Bitcoin's upward momentum will continue in the coming days.
Will BTC reach $200,000?
BTC's trading price today is close to flat at $91,800, while its daily trading volume surged by 52% to $73.59 billion. The flagship cryptocurrency's 24-hour high reached $92,596, with a monthly increase of 34%. Additionally, at the time of writing, BTC futures open interest rose over 1.5%, indicating strong market confidence in the cryptocurrency.
Amid this, the optimism regarding the potential launch of Bitcoin options ETFs in the U.S. has further ignited market sentiment. Additionally, in a recent report, BCA Research predicted that as cryptocurrencies approach the $100,000 mark, Bitcoin's price will reach $200,000.
At the same time, renowned cryptocurrency market expert Ali Martinez recently made a bullish prediction for BTC. In a recent X post, Martinez highlighted BTC's historical trends and stated that if the cryptocurrency follows previous cycles, it is expected to reach $150,000.
Another cryptocurrency market analyst, Crypto Rover, has also expressed a similar view, sharing a comparable BTC chart and predicting that the cryptocurrency will break through the $200,000 mark. Additionally, Fundstrat's research head Tom Lee also predicts that cryptocurrencies will continue to rise in the coming days, further stimulating market interest.
