Bitcoin Price Prediction: BTC Could Crash Imminently as BlackRock Confirms Worrying Bombshell

The bitcoin price topped $100,000 per bitcoin on the back of Donald Trump's U.S. presidential election victory, described as a "tipping point" for crypto after Wall Street embraced spot bitcoin exchange-traded funds (ETFs).

Bitcoin price latest: Surging bitcoin price predicted to be just weeks from 'major' move as fresh ETF filings revealed

The bitcoin price today soared to within touching distance of a new all-time high once again as two new exchange-traded funds (ETFs) were filed with the U.S. Securities and Exchange Commission (SEC) to track the performance of companies that have adopted bitcoin treasuries.

Bitcoin Surges Past $98,000, Nearing All-Time High Again

The bitcoin price today surged to highs of $98,000 per bitcoin, continuing its rally of over 150% year-to-date.

After Donald Trump's U.S. presidential election victory was described as a "tipping point" for crypto following Wall Street's embrace of spot bitcoin exchange-traded funds (ETFs), the BTC price has surged to new record highs.

Fresh filings with the SEC have now revealed that the next wave of bitcoin ETFs could be just weeks away from launching.

The Bitwise Bitcoin Standard Corporations ETF will track the performance of companies that have "adopted the 'bitcoin standard,'" defined as meeting certain size and liquidity requirements and holding more than 1,000 bitcoin.

"I think in 2025, you're going to see an explosion of interest in index space strategies that give diversified exposure to crypto," Bitwise chief investment officer Matt Hougan told Bloomberg.

"Of course, [that is] something we've been doing at Bitwise since 2017 when we pioneered that concept. I think 2025 is when that becomes a mainstream way to allocate to this space, the same way it is to stocks and bonds and real estate and everything else."

Meanwhile, Strive, an asset manager cofounded 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.

The ETF will be designed to provide "exposure to convertible securities issued by MicroStrategy (MSTR) (or other companies that Strive (or an affiliate of Strive) expects will invest all or a significant portion of the proceeds to purchase bitcoin (collectively, 'bitcoin bonds'))."

"The bitcoin treasury operations virus is spreading," Nate Geraci, president of The ETF Store, posted to X.

Bitcoin Price Surges On Institutional Adoption, Trump Presidency

The bitcoin price has surged this year as major institutions continue to pile into the cryptocurrency market.

U.S. spot bitcoin ETFs broke $100 billion in net assets for the first time in November, while BlackRock's iShares Bitcoin Trust (IBIT) now has around $60 billion in assets under management, becoming one of the fastest growing ETFs ever.

This institutional adoption is having a major impact on stabilizing the market during broad selloffs.

When U.S. president-elect Donald Trump takes office in the coming year, more corporate firms will enter the bitcoin ecosystem as the regulations become favorable.

The groundwork for this favorable policy around bitcoin and the crypto industry has already been set.

From an active bill to establishing a strategic bitcoin reserve for the country to the nomination of a pro-crypto U.S. SEC chair and crypto czar, the ecosystem might become attractive to many American institutions and investors next year.