Call options dominated the activity, making up 82% of contracts, signaling strong bullish sentiment.
Following approval by the US SEC and OCC, options for BlackRock’s iShares Bitcoin Trust ETF (IBIT) will be listed on the Nasdaq exchange today.
Over $2.2 billion in institutional investors poured into crypto products in the past week.
Per BCA, the key lies in a technical metric called the “260-day fractal dimension complexity”.
BlackRock’s IBIT was one of the best performers last week, recording an impressive daily inflows throughout the week.
The US spot Ethereum ETF issuers registered a net cash outflow of $3.24 million on Thursday, thus ending the longest period of notable cash inflows.
Despite a bullish market, institutional investors pulled $400 million from Bitcoin ETFs.
Positive flows like this usually signal that institutional and retail investors are increasingly fancying crypto investments.
Bitcoin’s surge to an ATH of $93,434 has sparked widespread excitement, but analysts urge caution as extreme market greed signals a possible short-term pullback.
US spot Ethereum ETFs are gaining momentum with total inflows reaching over $800 million in the past week amid the ETH price surge.
The implementation of the DOGE program will significantly cut the US government spending from the current $6.5T annual budget and heavily deregulate the country.
Nate Geraci, president of ETF Store, said ETFs are simply a bridge for the mainstream to access crypto. Once that bridge is fully built, no going back.
Since Bitcoin broke through its extended consolidation phase on October 13, where it traded at $62,507, it has risen over 40%.
Trump is reportedly considering several key officials to help with crypto regulation and ease rules, in support of the sector.
Crypto traders lost nearly $700 million in liquidation on Monday as Bitcoin continues to rally.