Bitcoin Magazine Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN Bitwise launches ETFs offering covered call income on Bitcoin-linked stocks—MSTR, MARA, and COIN—designed for yield without losing BTC upside. This post Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN first appeared on Bitcoin Magazine and is written by Nick Ward.

Bitwise Debuts Option Income ETFs on Bitcoin Treasury Stocks: MSTR, MARA, COIN

The Bitcoin price appears to be moving in lockstep with a bullish prediction 
made by a crypto analyst earlier this month. According to the analyst’s 
forecast, Bitcoin is set to break out to a new all-time high above $120,000 
following the announcement of a temporary tariff pause by United States (US) 
President Donald Trump. $120,000 Bitcoin Price Forecast In Motion Kaduna, a 
crypto analyst on X (formerly Twitter), has released a follow-up analysis on 
his previous bullish prediction of Bitcoin, highlighting that it is playing 
out as expected. On April 11, the analyst predicted that Bitcoin was preparing 
for a massive push above $120,000. Related Reading: Trump’s Tariff Pause Could 
Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point He outlined a 
thesis that the 90-day suspension of President Trump’s Tariffs would act as a 
powerful macroeconomic catalyst for Bitcoin. Kaduna argued that the market may 
start “frontrunning” about a month early, culminating in a mini bull market 
during a 55-day “exit window” between April 3 and June 3 2025. Accompanying 
this bullish analysis was a detailed chart comparing Bitcoin’s price movements 
through candlesticks with a blue overlay, believed to represent a 
macroeconomic indicator such as global M2. The blue line in the chart projects 
a steady climb during this window, offering a clear visual target above 
$120,000. Kaduna had stated that if his prediction played out, he would exit 
most positions by the end of the window. Just days after his bullish forecast, 
Bitcoin has begun mirroring the projected path. Kaduna revealed in a follow-up 
candlestick chart that Bitcoin is breaking above the local resistance at 
$84,000 with strong volume support, aligning with the predicted overlay. This 
early strength suggests that the frontrunning behaviour the crypto expert 
projected earlier is now playing out in real time. The blue line suggests a 
potential move toward the $120,000 &#8211; $125,000 range over the next month and a 
half, setting a clear upside target if momentum continues. Bitcoin’s price 
action is also unfolding right on cue within the 55-day window, validating the 
analyst’s bullish thesis. Both the overlay and Bitcoin’s prices are trending 
upwards, signaling that the market is indeed reacting to the macroeconomic 
tariff catalyst. If this trajectory holds, it would mark a significant 
validation of the analyst’s macro-technical analysis approach. Update On The 
Bitcoin Price Action Following its crash below $80,000, the Bitcoin price 
seems to be on a path to recovery. CoinMarketCap’s data reveals that Bitcoin 
is currently trading at $83,395, marking a significant 7.16% increase over the 
past week. Related Reading: Bitcoin Price Forms This Bullish Pennant On Daily 
Chart That Could Trigger Rise To $137,000 The cryptocurrency had broken the 
resistance level at $84,000 earlier this week. However, it retraced sold gains 
and is now trading at its present market value. Given its fluctuating price 
and unstable market, crypto analysts like Tony Severino have revealed that he 
is neither bullish nor bearish on Bitcoin. Instead, he seems to be taking a 
wait-and-see approach, closely monitoring how the market responds to ongoing 
volatility driven by the US Trade war and tariff implementation. Featured 
image from Adobe Stock, chart from Tradingview.com

Bitcoin Price Following Analyst’s Prediction For Bullish Breakout, Here’s The Target

The digital asset has hovered around the $85K level since Tuesday, but it 
continues to claw back market share from competing altcoins. Following 
comments from Federal Reserve Chair Jerome Powell, BTC slipped under the $84K 
range. BTC Strengthens Its Grip as Altcoins Struggle Bitcoin ( BTC) has 
maintained its $85K price for the most part, […]

Bitcoin Expands its Dominance But Still Trades Sideways

An appellate court has granted a joint request from Ripple Labs and the 
Securities and Exchange Commission (SEC) to pause an appeal in a 2020 SEC case 
against Ripple amid settlement negotiations.
In an April 16 filing in the US Court of Appeals for the Second Circuit, the 
court approved a joint SEC-Ripple motion to hold the appeal in abeyance &#8212; 
temporarily pausing the case &#8212; for 60 days. As part of the order, the SEC is 
expected to file a status report by June 15. 
_April 16 order approving a motion to hold an appeal in abeyance. Source: 
PACER_
The SEC&#8217;s case against Ripple and its executives, filed in December 2020, was 
expected to begin winding down after Ripple CEO Brad Garlinghouse announced on 
March 19 that the commission would be dropping its appeal against the 
blockchain firm. A federal court found Ripple liable for $125 million in an 
August ruling, resulting in both the SEC and blockchain firm filing an appeal 
and cross-appeal, respectively.
However, once US President Donald Trump took office and leadership of the SEC 
moved from former chair Gary Gensler to acting chair Mark Uyeda, the 
commission began dropping multiple enforcement cases against crypto firms in a 
seeming political shift. Ripple pledged $5 million in XRP to Trump&#8217;s 
inauguration fund, and Garlinghouse and chief legal officer Stuart Alderoty 
attended events supporting the US president.
_**Related:**__**SEC dropping Ripple case is &#8216;final exclamation mark&#8217; that XRP 
is not a security &#8212; John Deaton**_
Despite support for the end of the case coming from both Ripple and the SEC, 
the August 2024 judgment and appellate cases leave some legal entanglements. 
Alderoty said in March that Ripple would drop its cross-appeal with the SEC 
and receive a roughly $75 million refund from the lower court judgment. It&#8217;s 
unclear what else may result from negotiations over a settlement in appellate 
court.
## New leadership at SEC incoming
Acting chair Uyeda is expected to step down following the US Senate confirming 
Paul Atkins as SEC chair on April 9.
During his confirmation hearings, lawmakers questioned Atkins about his ties 
to crypto, which could create conflicts of interest in his role regulating the 
industry. In financial disclosures, Atkins stated he had millions of dollars 
in assets through stakes in crypto firms, including Securitize, Pontoro and 
Patomak.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

Court grants 60-day pause of SEC, Ripple appeals case

Digital asset custody platform Copper is teaming up with institutional staking 
provider P2P.org to bring secure staking services to institutions. In this 
strategic collaboration, the companies will leverage P2P.org’s staking 
infrastructure and Copper’s custody and prime services to allow institutions…

Copper and P2P.org team up to bolster staking for institutional investors

The U.S. Secret Service teamed up with Canadian authorities in a cross-border 
crackdown on a sophisticated crypto scam that drained $4.3 million from 
victims’ Ethereum wallets. The operation, dubbed “Operation Avalanche,” 
involved regulators, law enforcement, and crypto platforms working to…