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Bitcoin News Update: Institutions Take the Lead or Decentralization Prevails? The $13 Billion Dilemma in Crypto

Bitcoin News Update: Institutions Take the Lead or Decentralization Prevails? The $13 Billion Dilemma in Crypto

Bitget-RWA2025/11/26 16:03
By:Bitget-RWA

- Deribit's $13B Bitcoin options expiry highlights institutional crypto dynamics, with ETF flows, self-custody shifts, and regulatory moves shaping market volatility. - Bitcoin ETFs show mixed trends: BlackRock's IBIT faces $1.425B outflows but sees $60.6M inflows as Texas buys $10M in strategic Bitcoin reserves. - Ethereum ETFs gain $96.67M net inflows after outflow streak, while BlackRock's staked Ethereum ETF filing sparks debates over decentralization risks. - Market eyes expiry outcomes as Fed rate-cu

This week, the expiration of $13 billion in Deribit options has heightened attention on short-term market movements, as institutional involvement in Bitcoin and

ETFs, evolving custody approaches, and regulatory shifts continue to influence sentiment. With the expiry drawing near, traders are closely monitoring ETF activity, trends in self-custody, and broader economic indicators to assess possible market swings. The interaction among these elements highlights the expanding presence of institutions in crypto and the shifting significance of ETFs as sources of liquidity.

Bitcoin has experienced significant price swings, fluctuating between $80,000 and $90,000 as ETF flows diverge. BlackRock’s

(IBIT), the largest Bitcoin ETF, on Nov. 18, marking the fifth straight day of redemptions and bringing the total to $1.425 billion. However, on Nov. 21, the fund , attracting $60.6 million in new investments as institutional buyers re-entered. This turbulence underscores the uncertainty surrounding Bitcoin’s short-term direction, acting as a psychological threshold for withdrawals. Meanwhile, Texas’s of BlackRock’s and its intention to move $5 million into self-custodied Bitcoin reflect a deliberate move toward direct asset management. The state’s $10 million commitment, part of a larger initiative to build a Bitcoin reserve, demonstrates increasing institutional trust in the asset despite ongoing regulatory uncertainty.

Bitcoin News Update: Institutions Take the Lead or Decentralization Prevails? The $13 Billion Dilemma in Crypto image 0

Ethereum has remained comparatively steady, with spot ETFs

on Nov. 24, led by BlackRock’s Ethereum ETF. This comes after eight consecutive days of outflows, hinting at a possible rebound in institutional interest. Ethereum’s value has , buoyed by large holders accumulating and rising expectations for Federal Reserve rate reductions. The differing fortunes of Bitcoin’s ETFs and Ethereum’s inflows reveal varied institutional tactics, with some investors reallocating funds between the two cryptocurrencies.

Regulatory changes are adding further complexity.

for a staked Ethereum ETF in Delaware introduces a new front in the ETF competition. By providing yield-generating exposure, this product could challenge current digital asset treasury models, for unclear fee structures and unrealized losses. Ethereum co-founder Vitalik Buterin has , could centralize control over the network’s governance and technical direction. His warnings reflect broader concerns about balancing institutional involvement with the decentralized principles of crypto.

The $13 billion Deribit options expiration is a key event for traders,

— such as the Federal Reserve’s December rate cut odds rising to 80% — shaping market strategies. Although from its peak raises doubts about immediate support, continued institutional investment in Ethereum and the trend toward self-custody point to a more optimistic long-term outlook.

As the expiration nears, the market will be watching closely to see if ETF outflows continue or reverse, which will impact Bitcoin’s short-term price swings. The balance between self-custody adoption, new staking products, and regulatory developments is likely to shape the next stage of institutional engagement in crypto.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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