Bitcoin (BTC) Options Exchange Traded Fund (ETF) Set to Go Live, Raising Optimism for More Rallies in the Broader Market

Market participants have expressed that the upcoming Options ETF launch could cause BTC to rally to $200,000.

Nasdaq Inc. plans to introduce options trading on BlackRock Inc.’s BTC ETF as early as Tuesday, according to people familiar with the matter.

Nasdaq ETP Listings head Alison Hennessy confirmed the launch on Monday, stating, “Our intent at Nasdaq is to list and trade these options as early as tomorrow.”

Nasdaq and BlackRock have worked with regulators for over 10 months to introduce the Options for Bitcoin ETF.

The Commodity Futures Trading Commission approved the ETF for BTC Options on Friday.

Bitcoin Options ETF set to go liveNasdaq Inc. is set to introduce options trading on BlackRock Inc.’s BTC exchange traded fund (ETF) as early as Tuesday, according to people familiar with the matter.

Nasdaq ETP Listings head Alison Hennessy confirmed the launch on Monday, adding that Nasdaq and BlackRock have worked with regulators for over 10 months to introduce the Options for Bitcoin ETF.

“Our intent at Nasdaq is to list and trade these options as early as tomorrow, pending regulatory approval,” Hennessy said.

The US Commodity and Futures Trading Commission (CFTC) approved the ETF for BTC Options on Friday.

The approval will allow traders to use derivatives to bet on or against the world’s leading cryptocurrency, a move that has raised excitement in the market.

Analysts anticipate an expansion in trading possibilities with this launch.

They believe the Bitcoin Options ETF will follow the success and soaring interest in the US spot BTC ETFs.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) has almost $30 billion in assets since its inception, making it the largest in the cohort.

Recent data from Farside Investors showed a resurgence in the US spot Bitcoin ETFs. On Monday, these funds recorded inflows of $254.8 million after noting two consecutive days of outflows last week.

Unsurprisingly, BlackRock’s IBIT ETF amassed the highest inflows at $89.3 million. Fidelity’s FBTC ETF came second with $60 million, followed by Bitwise’s BITB ETF with $24.4 million.

The spot Bitcoin ETFs have inspired some US state funds to embrace crypto, as covered in a previous CNF report.

The State of Wisconsin Investment Board (SWIB) has invested in Bitcoin through Grayscale and BlackRock ETFs, as we reported.

Can BTC rally to $200K?Bitcoin’s price has rallied strongly over the past few days, touching a new all-time high following Donald Trump’s election victory.

The Bitcoin market is benefiting from anticipation of the new Trump administration establishing pro-crypto policies. Many investors believe the surge will continue in the following days.

As of this writing, BTC is trading at $91,516, up 1.3% in the last 24 hours. The daily trading volume jumped 34.5% to $73.59 billion.

Moreover, the BTC’s futures open interest increased by more than 1.5% as of this writing, suggesting strong investor sentiments.

As BTC inches towards the $100,000 mark, BCA Research predicted in a recent report that Bitcoin’s price will soon hit $200,000.

Onchain crypto market expert Ali Martinez shared a chart that shows BTC could hit $150,000 next if it follows historical trends.

Echoing the same idea, another crypto market expert, Crypto Rover, posted a similar chart for BTC, projecting it will surpass $200,000.