BlackRock(BLK) CNBC·2025-01-16 23:30Core Viewpoint - BlackRock's ETF chief believes that cryptocurrency deregulation under President-elect Donald Trump will significantly boost Bitcoin's performance, potentially leading to another historic year for the cryptocurrency [1]. Group 1: Bitcoin Performance and Market Trends - The iShares Bitcoin Trust (IBIT), managed by BlackRock, has seen a remarkable increase of 114% since its launch in January 2024 and is up nearly 8% year to date, coinciding with Bitcoin trading briefly above $100,000 [2]. - Despite the strong performance, BlackRock's ETF chief cautions that Bitcoin is a risky asset, and investors should be prepared for volatility, as a 15% movement is not considered significant in the context of Bitcoin [3]. Group 2: Regulatory Developments and Industry Initiatives - Progress is expected on the Financial Innovation and Technology for the 21st Century Act (FIT21), particularly regarding stable coins and definitions in taxonomy, which could further influence the cryptocurrency market [2]. - Calamos Investments is also entering the cryptocurrency space with plans to launch the world's first 100% downside protected Bitcoin ETF, set to debut shortly after Trump's inauguration [4].