Bitcoin ETF Options Are Expected with Great Curiosity

CoinDesk 20 Index: 2,975.88 +1.3%

Bitcoin (BTC): $92,456.36 +2.06%

Ether (ETH): $3,144.77 +2.37%

S&P 500: 5,893.62 +0.39%

Gold: $2,636.70 +0.85%

Nikkei 225: 38,414.43 +0.51%

Bitcoin (BTC) is trading around $92,000 before US trading hours, just 2 percent below record prices. The leading cryptocurrency gained 2% in the last 24 hours, outpacing the 1.1% gain in the CoinDesk 20 Index. Native tokens of Chainlink (LINK), Hedera (HBAR), and Uniswap (UNI) led the gains seen in altcoins as traders expected institutional adoption of crypto to advance under the Trump administration. Crypto hedge fund QCP predicts that BTC will attempt to reach $100,000 in the coming months and investors will convert these gains into altcoins. “It wouldn’t be surprising to see altcoin season in full swing in the coming months,” says QCP. SOFA’s head of insight, Augustine Fan, warns that there is a possibility of a short-term rise. Augustine thinks that rapid gains can be followed by rapid declines.

Spot bitcoin ETF options could launch on Tuesday in the U.S. time zone, according to Nasdaq, which market participants believe will attract more institutional interest in crypto. “Our goal at Nasdaq is to list these options as early as tomorrow and begin trading,” Alison Hennessy, head of ETP listings at Nasdaq, said in an interview with Bloomberg TV. “I think the launch of these options listed on IBIT will be very exciting for investors because this is the product they have been talking about the most for a long time.” Of the 11 spot bitcoin ETFs currently on the market, only one (BlackRock’s iShares Bitcoin Trust) is listed on Nasdaq, so IBIT may be the product that will have the option.

JPMorgan analysts reported that the bitcoin mining economy improved in the first half of November. The hash price, which measures miners’ profitability, rose nearly 30 percent in the first two weeks of the month as the BTC price climbed to record levels. Increased profitability has been a significant benefit to the 14 US-listed miners, adding approximately $8 billion to their combined market value. US-based miners’ share of the network hashrate remains at record levels, accounting for approximately 28 percent of the global network.

The chart shows daily active addresses across leading blockchains. Solana holds the top spot by a wide margin, supporting SOL’s price action. Near Protocol ranks second. Source: Artemis