Bitcoin price has dropped sharply, falling from $62,500 to around $60,900, as market sentiment shifts. Recent developments, including potential Bitcoin ETF options by 2025 and a $25 million cryptocurrency fraud case, are influencing investor decisions. Additionally, Cathie Wood’s ARK Invest’s $36 million Robinhood share sale has contributed to market volatility.
Speaking at the Permissionless conference on October 9, Seyffart noted that while the SEC has approved options on BlackRock’s Bitcoin ETF, final approvals from the CFTC and OCC are still pending.
Bitcoin ETF options could be available in the U.S. by early 2025, according to Bloomberg analyst James Seyffart.