The Bitcoin Option ETF is reportedly set to start trading today, boosting optimism in the broader crypto market. Notably, the expected approval has strengthened expectations that BTC could reach $200,000 in the coming days. It is also reported that the US Spot Bitcoin ETF is regaining momentum and has started the week with a strong inflow, indicating increasing institutional interest in the crypto asset space.
Bitcoin Option ETFs to open for trading today
According to a recent report from Bloomberg, Nasdaq Inc. plans to allow options trading for BlackRock Inc.’s BTC ETF today. The Bitcoin Option ETF approval will provide investors with the opportunity to trade using derivative instruments on the largest crypto asset by market cap. This move has created great optimism in the market, especially following the strong interest and success of the US Spot Bitcoin ETF. According to Farside Investors data, the US Spot Bitcoin ETF recorded an inflow of $254.8 million on November 18, after experiencing two consecutive outflows last week.

Speaking on Bloomberg’s ETF IQ program, Alison Hennessy, director of Nasdaq ETP Listings, said the firm plans to list and start trading the options ETP “tomorrow.” She also said she is confident that these options will attract significant interest from investors once they are listed on IBIT. Another Nasdaq spokesperson confirmed that they will launch today. It is also noteworthy that this development comes on the heels of the U.S. Commodity and Futures Trading Commission (CFTC) giving the green light to the BTC Options ETF, which has sparked major discussions in the markets.

Will BTC Go $200,000?
The BTC price is trading sideways around $91,800 today, but its one-day trading volume increased by 52% to $73.59 billion. The leading cryptocurrency reached a peak of $92,596 in the last 24 hours, recording a 34% gain on a monthly basis. Additionally, BTC Futures Open Interest has increased by more than 1.5% at the time of writing, indicating a strong market confidence in crypto. Meanwhile, the prospect of a potential Bitcoin Options ETF launch in the US has further fueled market optimism. In recent reports, BCA Research predicts that Bitcoin’s price will reach $200,000 as it approaches $100,000.

At the same time, well-known crypto market expert Ali Martinez also recently shared an optimistic forecast for BTC. Martinez stated in an X post that if BTC follows previous cycles, it will reach $150,000 next. Similarly, another crypto market analyst Crypto Rover shared a similar chart for BTC, predicting that the crypto will break the $200,000 mark. Additionally, Fundstrat Head of Research Tom Lee predicted that the crypto will continue its rally in the coming days, further fueling market interest.
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