Crypto Prepares for Major BlackRock Price Shock Amid $30 Trillion Bitcoin Forecast

Bitcoin has become the center of attention again in recent weeks While US president Donald Trump and Elon Musk fuel big bitcoin price predictions.

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Bitcoin price skyrocketed to $100,000 per Bitcoin, pushing the combined crypto market back to nearly $3 trillion for the first time since 2021. Amid wild rumors that the US may be lagging behind in nation-state bitcoin adoption.

Now, As a top Federal Reserve official suddenly turns to BitcoinBitcoin price is preparing for a major US spot Bitcoin exchange-traded fund (ETF) earthquake.

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Bitcoin spot ETFs, which became one of the fastest-growing ETFs of all time after their debut in January, led by BlackRock’s $42 billion bitcoin fund, may be about to be approved for options trading after the Commodity Futures Trading Commission (CFTC). issued a recommendation statement.

“In light of relevant precedent in the courts, it is highly likely that these spot commodity ETF shares will be held as securities,” a CFTC spokesperson wrote. “Therefore, the (Division of Clearing and Risk’s) DCR position is that these shares are listed on national securities exchanges registered with the (Securities and Exchange Commission) SEC and do not affect the jurisdiction of the CFTC, and therefore these options are cleared by the OCC, “It will be undertaken in its capacity as a registered clearing house subject to SEC oversight.”

Bitcoin spot ETF options were given the green light by the U.S. SEC in September, with the CFTC reporting a “second hurdle to clear,” according to Bloomberg Intelligence analyst Eric Balchunas.

Options trading for the fleet of a dozen U.S. spot bitcoin ETFs is expected to “draw more liquidity into the market, which in turn will attract more big fish” as institutions and market regulators warm to the technology.

“The CFTC issued a notice paving the way for the listing of spot Bitcoin ETF options,” Balchunas wrote in his post to X. he said, adding that he expected the options to be listed “very soon.”

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“Bitcoin ETF options are sooner than you think,” said Jeff Park, head of alpha strategies at Bitwise. sent X’e calls the list of options trading “the most significant market structure change for Bitcoin since the launch of the ETF.”

BlackRock’s bitcoin fund has raised $13 billion since Donald Trump’s U.S. election victory, with BlackRock accounting for 85% of the $1.3 billion in total inflows hitting U.S. spot bitcoin ETFs on Thursday after the election, according to Kaiko Research. dollar increased.

Meanwhile, so-called innovation and disruption investor Cathie Wood, who runs the Ark Invest fund, reiterated her $1.5 million bitcoin price prediction, which she hopes will make Bitcoin a $30 trillion asset by 2030.

“In our base case, we have a 2030 target, which is around $650,000, and in our bull case, it’s between $1 million and $1.5 million,” Wood said. said CNBCThe addition of “regulatory relief” following Donald Trump’s presidential victory and increased interest from Wall Street will trigger a Bitcoin price boom.

“It’s a new asset class and what that means is institutions and asset allocators are saying ‘this asset is behaving differently than all our other assets and we need to include it,'” Wood said. he said.