Donald Trump

Bitcoin ETF

<p>President-elect Donald Trump’s team has discussed creating a new White House role dedicated to cryptocurrency policy as reported by Bloomberg.</p> 
<p>This move aimed to streamline cryptocurrency regulations across federal agencies and improve engagement with industry players.</p> 
<h2 class="wp-block-heading" id="h-donald-trump-s-pro-crypto-stance-ushers-potentially-positive-developments"><strong>Donald Trump’s Pro-Crypto Stance</strong> <strong>Ushers Potentially Positive Developments </strong></h2> 
<p>The specific details about the position’s level within the White House and its exact duties were not immediately clear.</p> 
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  <img loading="lazy" decoding="async" width="632" height="470" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-542.png" alt="" class="wp-image-843452" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-542.png 632w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-542-300x223.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-542-150x112.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-542-485x360.png 485w" sizes="auto, (max-width: 632px) 100vw, 632px">
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   Source: X
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<p>The introduction of this role reflected a significant acknowledgement of the growing importance of cryptocurrency in the national economic strategy.</p> 
<p>It signaled a potential shift towards more structured and perhaps more favorable crypto policies in the United States.</p> 
<p>The announcement from Donald Trump impacted financial markets, particularly influencing cryptocurrency-related financial products.</p> 
<h2 class="wp-block-heading" id="h-ibit-options-by-strike-price-on-day-2"><strong>IBIT Options by Strike Price on Day 2</strong></h2> 
<p>On the second day after launch, following the announcement, Bitcoin ETF options saw a surge in activity. This meant markets responded positively to the potential for more coordinated and clear regulatory approaches under the new administration.</p> 
<p>This uptick in trading volume indicated investors’ heightened interest and confidence in the stability of cryptocurrency investments. </p> 
<p>The IBIT options market saw substantial activity, as Bloomberg analyst James Seyffart noted. The market’s bullish stance was evident, with a vast majority of contracts wagering on a future rise in Bitcoin’s price.</p> 
<p>The most active contracts were the $55 and $60 strike prices, attracting 69,258 and 46,365 contracts, respectively. This signaled strong expectations for higher prices.</p> 
<p>Notably, even higher optimism was marked at the $100 strike price. 31,885 contracts showcased a significant belief in Bitcoin’s potential to nearly double.</p> 
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  <img loading="lazy" decoding="async" width="634" height="752" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-543.png" alt="" class="wp-image-843457" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-543.png 634w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-543-253x300.png 253w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-543-150x178.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-543-300x356.png 300w" sizes="auto, (max-width: 634px) 100vw, 634px">
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   Source: X
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<p>Conversely, the options to the left of the current IBIT price of $52.70, particularly at the $35 and $45 strike prices, were less frequented, indicating fewer bets on a price decline.</p> 
<p>This distribution clearly demonstrated the market’s prevailing optimistic outlook towards Bitcoin, with a skew towards expecting substantial gains.</p> 
<p>The visualization effectively mapped out where traders are positioning themselves in anticipation of Bitcoin’s price trajectory, illustrating a predominant bet on an upward trend in the cryptocurrency’s future.</p> 
<h2 class="wp-block-heading" id="h-will-the-btc-price-prediction-hold"><strong>Will The BTC Price Prediction Hold?</strong></h2> 
<p>The global surge in ETF flows for 2024, as reported by Bloomberg Intelligence, revealed a potentially bullish catalyst for Bitcoin’s price.</p> 
<p>By November, each major region, including the United States, Europe, Asia Pacific, and Canada, had shattered their previous records in ETF investments. Particularly, the United States.</p> 
<div class="wp-block-image"> 
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  <img loading="lazy" decoding="async" width="797" height="537" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-544.png" alt="" class="wp-image-843462" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-544.png 797w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-544-300x202.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-544-768x517.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-544-150x101.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-544-696x469.png 696w" sizes="auto, (max-width: 797px) 100vw, 797px">
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   <em>Global EFTs flow | Source: Bloomberg Intelligence</em>
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<p>Historically, December has marked the peak for ETF investments, suggesting that the record flows observed could only be the beginning of an even larger trend.</p> 
<p>With <a href="https://www.thecoinrepublic.com/2024/11/20/bitwise-bitcoin-etf-options-to-launch-soon-amid-much-excitement/">Bitwise ETF options</a> already launched, and December traditionally being the strongest month for ETF investments, the likelihood of increased liquidity and investment into Bitcoin-related financial products could significantly drive up BTC prices.</p> 
<p>This rush into ETFs, especially those related to or holding Bitcoin, could catalyze a doubling of BTC prices as Bitcoin Archived predicted following new institutional and retail money flows into the market.</p> 
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  <img loading="lazy" decoding="async" width="630" height="860" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-546.png" alt="" class="wp-image-843472" style="width: 100%;height:auto" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-546.png 630w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-546-220x300.png 220w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-546-150x205.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/image-546-300x410.png 300w" sizes="auto, (max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: X
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<p>This trend aligned with the increased acceptance and integration of crypto into mainstream financial products, indicating the growing trust and interest in Bitcoin as a legitimate investment asset. </p> 
<p>Donald Trump’s election win and his positive stance on crypto have ushered in what could possibly count as historic times for the crypto industry. </p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/21/bitcoin-etf-options-surge-as-donald-trump-hints-at-crypto-policy-position/">Bitcoin ETF Options Surge As Donald Trump Hints At Crypto Policy Position</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Bitcoin ETF Options Surge As Donald Trump Hints At Crypto Policy Position

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