More than $4 billion has streamed into U.S.-listed bitcoin exchange-traded funds since the election. This week, there was a strong debut for options on BlackRock's ETF, with call options - bets on the price going up - more popular than puts.

Bitcoin's march toward $100,000 gathered pace on Thursday, as expectations mounted for a friendlier U.S. regulatory approach under President-elect Donald Trump, marking a stunning rebound for an asset many investors still regard with scepticism.

Bitcoin’s march toward $100,000 gathered pace on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.

We suspect crypto will get its way, and the next SEC chair will be much more sympathetic to the industry than Gensler has been,” wrote Ian Katz of Capital Alpha Partners in a note shortly after the news of Gensler’s departure broke.

Gensler oversaw a turbulent time for the Securities and Exchange Commission as it battled with crypto firms and Wall street.