First Mover Americas: Options Coming to Bitcoin ETFs Is a Big Deal
CoinDesk 20 Index stands at 2,975.88, up 1.3%. Bitcoin (BTC) trades at $92,456.36, a 2.06% increase, while Ether (ETH) is at $3,144.77, up 2.37%. Bitcoin is nearing record prices, with expectations of institutional adoption and reduced regulatory concerns under a Trump administration. QCP predicts BTC may reach $100,000 soon, with potential for an altcoin season. U.S. Bitcoin ETF options trading is set to begin, with BlackRock's iShares Bitcoin Trust (IBIT) receiving regulatory approval, potentially increasing institutional interest and trading volumes. MicroStrategy's stock options are performing strongly, indicating a similar trend may occur with BTC. Bitcoin mining profitability improved significantly in early November, with a nearly 30% rise in hashprice, benefiting U.S.-listed miners and increasing their market capitalization by about $8 billion. U.S. miners hold a record 28% of the global network hashrate.
