Bitcoin is showing no signs of stopping its advance toward $100,000, and several altcoins look poised to follow.
Bitcoin ETF news
Pro-crypto regulation under the incoming Trump administration could push Bitcoin toward $100,000 by early 2025 as institutions accelerate adoption.
United States investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows.
The combined daily trading volume of shares in MicroStrategy, Coinbase and Bitcoin ETFs hit $38 billion as Bitcoin breached $89,000.
Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve.
Bitcoin is “acting weird,” one commentator argues as BTC price gains fail to capitalize on incremental new all-time highs.
They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.
Blackrock’s IBIT ETF now holds upwards of $33 billion in assets, more than the asset manager’s gold fund.
Spot Bitcoin ETF recorded a new all-time high of over $1.37 billion in net inflows a day after Trump’s victory.
BlackRock’s spot Bitcoin ETF has surpassed $1 billion in inflows for the first time since its launch in January.