Bitcoin has rocketed higher through 2024, though a serious Federal Reserve warning has sparked fears of an imminent crash.

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The bitcoin price topped $100,000 per bitcoin on the back of Donald Trump’s U.S. presidential election victory, described as a “tipping point” for crypto after Wall Street embraced spot bitcoin exchange-traded funds (ETFs).

Now, as BlackRock confirms a worrying bitcoin price bombshell, the bitcoin price has been predicted to be just weeks away from a “major” move as fresh bitcoin ETF filings are revealed.

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“If it’s true that a lot of the market makers are exposed to bitcoin given how much price movement there has been, then we’re only weeks away from the next major move,” bitcoin and crypto investor Mike Alfred said during an X broadcast this week with podcaster Scott Melker, pointing to Friday’s largest-ever bitcoin options expiry.

Bitcoin’s Wall Street adoption this year has been led by the world’s largest asset manager BlackRock after its successful campaign to bring bitcoin ETFs to the U.S. last year, with the funds making their debut in January.

U.S. spot bitcoin ETFs broke $100 billion in net assets for the first time in November, according to data from Bloomberg Intelligence, while BlackRock’s iShares Bitcoin Trust (IBIT) now has around $60 billion in assets under management, becoming one of the fastest growing ETFs ever.

This week, two new ETFs designed to build on the growing trend of corporations adopting bitcoin treasuries were filed with the Securities and Exchange Commission (SEC).

The Bitwise Bitcoin Standard Corporations ETF would invest in companies that have “adopted the ‘bitcoin standard,'” defined as holding more than 1,000 bitcoin and meeting certain size and liquidity requirements.

“I think in 2025, you’re going to see an explosion of interest in index space strategies that give diversified exposure to crypto,” Bitwise chief investment officer Matt Hougan told Bloomberg this week.

“Of course, [that is] something we’ve been doing at Bitwise since 2017 when we pioneered that concept. I think 2025 is when that becomes a mainstream way to allocate to this space, the same way it is to stocks and bonds and real estate and everything else.”

Meanwhile, Strive, an asset manager cofounded by Vivek Ramaswamy who will lead the Trump administration’s Doge department of government efficiency with Elon Musk, has filed to create the Strive Bitcoin Bond ETF, designed to provide “exposure to convertible securities issued by MicroStrategy … or other companies that Strive … expects will invest all or a significant portion of the proceeds to purchase bitcoin (collectively, ‘bitcoin bonds’).”

“The bitcoin treasury operations virus is spreading,” Nate Geraci, president of The ETF Store, posted to X.

MicroStrategy, founded as a software company in pre-dot com bubble internet boom, has been transformed into what its cofounder and chairman Michael Saylor calls a “bitcoin treasury” company, outperforming the likes of stock market darling Nvidia as it funds its bitcoin buys with the sale of convertible notes and at-the-market share offerings.

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MicroStrategy has ridden the bitcoin price boom to an all-time high valuation, far outpacing bitcoin itself as traders use the company’s stock as a bitcoin proxy and it now holds 444,000 bitcoin worth almost $42 billion.

“This institutional adoption has a significant impact on stabilizing the market amid broad selloffs,” Maksym Sakharov, cofounder of decentralized finance platform WeFi, said in emailed comments.

“When U.S. president-elect Donald Trump takes office in the coming year, more corporate firms will enter the bitcoin ecosystem as the regulations become favorable. The groundwork for this favorable policy around bitcoin and the crypto industry has already been set. From an active bill to establishing a strategic bitcoin reserve for the country to the nomination of a pro-crypto U.S. SEC chair and crypto czar, the ecosystem might become attractive to many American institutions and investors next year.”