Bitcoin soared through 2024, although a serious warning from the Federal Reserve raised fears of an imminent crash.
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The price of bitcoin surpassed $100,000 per bitcoin following Donald Trump’s victory in the US presidential election, described as a “tipping point” for crypto after Wall Street embraced exchange-traded funds ( ETF) spot for bitcoin.
Now, as BlackRock confirms a worrying Bitcoin price bomb, the Bitcoin price is expected to be weeks away from a “major” move as new Bitcoin ETF filings are revealed.
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US President-elect Donald Trump’s favorable attitude towards bitcoin and crypto is expected … (+)
“If it is true that a large number of market makers are exposed to Bitcoin given the magnitude of the price movements, then we are only weeks away from the next major move,” the investor said Bitcoin and Crypto Mike Alfred. said on an X show this week with podcaster Scott Melker, highlighting the largest Bitcoin options expiration on record on Friday.
Bitcoin adoption on Wall Street this year has been led by the world’s largest asset manager, BlackRock, following its successful campaign to introduce Bitcoin ETFs in the United States last year, with funds making their debut in January.
U.S. spot Bitcoin ETFs surpassed $100 billion in net assets for the first time in November, according to Bloomberg Intelligence data, while BlackRock’s iShares Bitcoin Trust (IBIT) now has around $60 billion of assets under management, becoming one of the fastest growing ETFs of all time. .
This week, two new ETFs designed to capitalize on the growing trend of companies adopting Bitcoin treasuries were filed with the Securities and Exchange Commission (SEC).
The Bitwise Bitcoin Standard Corporations ETF would invest in companies that have “adopted the “Bitcoin Standard,” defined as holding more than 1,000 Bitcoins and meeting certain size and liquidity requirements.
“I think in 2025 you’re going to see an explosion of interest in space index strategies that provide diversified exposure to crypto,” said Matt Hougan, Bitwise’s chief investment officer. said Bloomberg this week.
“Of course, (this is) something we’ve been doing at Bitwise since 2017, when we launched this concept. I think 2025 will be the point where this becomes a common way to allocate to this space, in the same way as it is for stocks and bonds and real estate and everything else.
Meanwhile, Strive, an asset manager co-founded by Vivek Ramaswamy who will lead the Trump administration’s Doge Department of Government Efficiency with Elon Musk, has filed to create the Strive Bitcoin Bond ETF, designed to provide “exposure to convertible securities issued by MicroStrategy… or other companies that Strive determines… will invest all or a significant portion of the profits in the purchase of bitcoins (collectively, the “ bitcoin bonds”).
“The Bitcoin cash trading virus is spreading,” said Nate Geraci, president of The ETF Store. job to X.
MicroStrategy, founded as a software company during the pre-dot-com bubble boom, has been transformed into what its co-founder and chairman Michael Saylor calls a “Bitcoin treasury” company, outperforming darling Nvidia of the stock market, because it finances its Bitcoin purchases with the sale of convertible notes and the offering of shares at the market price.
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The price of bitcoin has surged this year, and many crypto market watchers are predicting that 2025 could be a pivotal year. … (+)
MicroStrategy rode bitcoin’s price surge to a record valuation, far outpacing bitcoin itself, as traders use the company’s stock as a proxy for bitcoin and it now holds 444,000 bitcoins worth nearly $42 billion.
“This institutional adoption has a significant impact on stabilizing the market amid massive sell-offs,” Maksym Sakharov, co-founder of decentralized finance platform WeFi, said in emailed comments.
“When US President-elect Donald Trump takes office next year, more companies will enter the Bitcoin ecosystem as regulations become favorable. The basis for this favorable policy around Bitcoin and the bitcoin industry cryptography have already been asked From an active bill From establishing a strategic Bitcoin reserve for the country to appointing a pro-crypto US SEC chairman and a crypto czar, the ecosystem could become attractive to many American institutions and investors next year.
