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Grayscale Bitcoin ETF Options Trading to Launch Tomorrow

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Grayscale, one of the largest spot Bitcoin ETF issuer, will begin options trading tomorrow. Options trading on BlackRock’s IBIT began yesterday, proving to be a “feeding frenzy” with major inflows.

Options trading may transform the Bitcoin ETF sector, but Grayscale will need to take advantage of this interest.

Grayscale ETF Options Trading

According to a new announcement from Grayscale, options trading on its two main products will begin on Thursday, November 21. These include the original Grayscale Bitcoin Trust (GBTC) and its Mini ETF, which was launched in July. Both funds saw a notable increase in value following the announcement.

Grayscale's Bitcoin ETF Price Increases
Grayscale’s Bitcoin ETF Price Increases. Source: Google Finance

Two days ago, the OCC gave its final approval to begin options trading on the Bitcoin ETF. This spurred immediate action, as the crypto community eagerly awaited ETF options trading.

Grayscale immediately filed an updated prospectus, which called for these new offerings on GBTC and the Mini Trust.

“The introduction of options could also unlock new credit opportunities within the crypto space. Institutional lenders may feel more confident lending against ETF collateral, as options provide clearer mechanisms for valuation and risk assessment,” said Binance CEO, Richard Teng.

Grayscale, however, was not the fastest issuer to provide options trading. BlackRock, which offers IBIT, the most prominent Bitcoin ETF, began yesterday.

IBIT options trades earned over $425 million in mere hours, but they ended up going much further. According to Bloomberg ETF analyst Eric Balchunas, IBIT options ended at an impressive $1.9 billion.

“$1.9 billion is unheard of for Day One. For context, [21Shares’ Bitcoin ETF] did $363 million, and that’s been around for four years. And also, this is with $25,000 contract position limits. That said, $1.9 billion isn’t quite big dog level yet tho; eg [gold] did $5 billion today. Give it a few more days/weeks,” Balchunas stated.

Balchunas also claimed that “about half” of Bitcoin ETF issuers have broken their own inflow records, and called it a “total feeding frenzy.”

In other words, demand for options trading has unleashed a transformative power on the ETF market. Combined with the existing bull run for crypto markets, these new products could bring unprecedented gains.

However, it remains undetermined how well Grayscale can take advantage of this market. While IBIT options trading broke these records, Balchunas noted that GBTC showed substantial outflows.

The firm’s other products like, Ethereum ETFs, have proved a disappointment, and Grayscale will be late to the options trading party. It may not be able to replicate this success.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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3 best AI altcoins under $1 that could deliver huge returns in early 2025

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If you’re trying to decide on the best AI altcoins under $1 then it’s worth taking a look at three that many analysts agree offer huge growth potential: RCO Finance (RCOF), The Graph (GRT), and Basic Attention Token (BAT).

Among these three, a growing number of crypto experts are increasingly favoring RCOF because of its lower entry price.

RCO Finance: The Future of DeFi with AI Trading and No-KYC Access

RCOF is one of the best AI altcoins that powers innovative AI-powered DeFi solutions in the RCO Finance ecosystem. The AI robo advisor of RCO Finance is a great tool that simplifies investing and trading by offering investment strategies.

It can also locate emerging market trends and alert you in real-time. It continuously analyzes live market data from sources like Reuters and Bloomberg and provides insights quickly. 

For example, the crypto market has crumbled with the rise of DeepSeek AI and BTC has dropped below $100,000. Imagine getting this news before everyone and shorting BTC with 1000x leverage options offered in the RCO Finance platform.

You could have made a massive amount of money with just $100. In addition, the AI robo advisor can automatically adjust your portfolio in real-time without your intervention. RCO Finance is just in the presale stage and has already shipped its beta platform to the public.

Check out its beta version and analyze its capability yourself now. Moreover, RCO Finance takes privacy seriously and offers a KYC-free ecosystem. This has eased the onboarding process and guarantees the anonymity of users joining the platform.

GRT Signals Bullish Reversal Despite Recent Decline

On January 10, 2025, The Graph introduced Geo Genesis, a Web3 application designed to decentralize knowledge sharing. Geo Genesis allows users to manage, share, and govern knowledge through collaborative hubs called “Spaces.” 

Built on the GRT network, it uses the GRC-20 data standard to enable unified knowledge graphs. Yet, GRT was trading around $0.16 in late January, with a decrease of over 20% in the past week.

Despite this, analysts say that GRT is showing a sign of bullish divergence in the RSI. They expect GRT to reverse the trend and move upward toward $0.30. This shows analysts’ belief in GRT, making it one of the best AI altcoins under $1.

EMA Re-Test Could Pave the Way to $0.30 for BAT

BAT is another of the best AI altcoins under $1, trading around $0.21 in late January. Analysts say that BAT has reached a significant resistance and is getting rejected at $0.25. 

In the short term, this could slow down the upward momentum. However, re-testing crucial EMAs could be a vital area of focus. If BAT can break above $0.24, it could head toward $0.30 or higher.

Amid these, crypto experts predict that new crypto could outshine other best AI altcoins like BAT and GRT. It would be wise to add this new altcoin–RCOF for huge gains of up to 500x in early 2025.

RCOF Emerges as a Top Pick Among Best AI Altcoins with $12M Presale Success

RCOF token presale is attracting every investor who wants to buy the best AI altcoins and has raised nearly $12 million by late January. Currently, in Stage 5 of its public presale, RCOF has a great entry point of $0.10 among other AI altcoins under $1, like GRT and BAT.

In Stage 6, RCOF will be available at $0.13 per token, a 30% increase from the current stage. Investors are in FOMO mode, with many rushing to buy this AI altcoin because of its potential for huge returns in early 2025.

If RCOF gets listed on top-tier exchanges like Binance and Coinbase, some experts are convinced it will return over 500x profits. They also expect the adoption of the RCO Finance platform by institutional investors for investment.

In addition, the RCO Finance platform is secure, and its smart contracts are fully safe, as suggested by SolidProof

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community



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Movement Labs Advises D.O.G.E. on Blockchain Use Cases

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Movement Labs’ MOVE token spiked significantly today after rumors that it’s advising Elon Musk’s D.O.G.E. The modular network is reportedly in contact with the organization, but the reports remain unconfirmed.

World Liberty Financial (WLFI), the Donald Trump-backed DeFi project, also purchased around $2 million in MOVE tokens, suggesting some correlation between the company and Trump’s administration.

Movement Labs Advises D.O.G.E.

The Department of Government Efficiency (D.O.G.E.), a new quasi-government organization headed by Elon Musk, is exploring the role of blockchain. Several key crypto companies have rallied behind it, and rumors began circulating today that Movement Labs is advising D.O.G.E.

Its co-founder, Rushi Manche, alluded to these rumors after WLFI started buying MOVE earlier today.

“The strategic MOVE stockpile. We are proud to be the first altcoin, first modern blockchain platform, and first alternative virtual machine under the new administration. MOVE is Made in America,” Manche claimed on X (formerly Twitter).

There are no confirmed details about this potential collaboration, but this statement is lending credence to rumors. Trump’s crypto project World Liberty Financial (WLFI) purchased around $2 million worth of MOVE tokens, clearly showing some connection.

Even so, it’s currently unclear what exactly Movement Labs is planning to contribute to D.O.G.E. Nonetheless, these D.O.G.E. rumors have caused huge spikes in Movement Labs’ MOVE token.

The token gained nearly 100% after launching on Binance in December 2024. Within a week of launch, it reached a peak price of $1.45 and a market cap of $2.7 billion, but it saw consecutive corrections.

Earlier this month, Movement Labs announced $100 million in Series B seed funding. After these rumors took off, MOVE jumped up over 15%.

movement labs move token price
MOVE 24-Hour Price Chart. Source: BeInCrypto

In general, it seems safe to assume that Movement Labs is contributing to D.O.G.E.’s existing inquiries. Musk directed the Department to explore blockchain’s use cases for reducing government spending, so the company is probably tackling this question.

However, the firm is yet to make any affirmation of these rumors or any other potential indicators other than the latest WLFI investment.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Bulls Shake Off Crash, Target This Major Resistance On The Road To $3.85

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Este artículo también está disponible en español.

After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark.

XRP Bulls Push Toward $3.85 ATH Price

During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025. 

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The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis. 

The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum. 

Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85. 

While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin

Possible Market Dip Ahead

As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum. 

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He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap.

XRP
XRP trading at $3.1 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com



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