$3B in BTC and ETH options expire

The cryptocurrency market faces a pivotal moment as nearly $3 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire today. Recent weeks have seen a rally fueled by optimism following Donald Trump’s election victory, but the question remains whether the bullish momentum can sustain.

Trump pushes for Crypto leadership

Former President Donald Trump reaffirmed plans for significant crypto initiatives during remarks at the New York Stock Exchange. Trump highlighted a vision for a national Bitcoin reserve and positioned the US as a global leader, aiming to outpace nations like China. His administration’s focus includes powering crypto infrastructure, developing regulations, and fostering market participation.

ETH ETFs reflect growing investor confidence

Spot Ethereum ETFs continue to draw investor attention, with holdings climbing to 3.41 million ETH, up from 3.095 million in July 2024. This increase marks a recovery from a September low of 2.716 million ETH, signaling heightened confidence in Ethereum as a strategic asset.

ETF inflows showcase strong market Sentiment

• Bitcoin ETFs recorded an 11-day streak of inflows, led by BlackRock’s “IBIT” with $431.6 million.
• Ethereum ETFs marked their 15th consecutive day of inflows, with BlackRock’s “ETHA” leading at $202.3 million.
• Grayscale’s BTC and ETH ETFs followed with $110.8 million and $73.2 million, respectively.
• Combined, US Bitcoin and Ethereum ETFs attracted $871.2 million in inflows this week.