The U.S. crypto market keeps getting more regulated products. Coinbase Derivatives has now filed with the CFTC to launch cash-settled perpetual futures tied to individual U.S.-listed stocks and ETFs. If approved, these would operate inside the U.S. regulatory framework. That matters for Bitcoin because more regulated derivatives infrastructure could make it easier for institutions to get involved in digital assets. Claude AI estimates the BTC price could reach $120,000 to $150,000 by 2027 if CFTC oversight expands, ETF demand holds up, and institutional participation keeps growing.