ETH Options Traders Brace for End-Month Volatility Amid Spot ETF Approval Anticipation

IconCNT15 May, 2024

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ETH Options Traders Brace for End-Month Volatility Amid Spot ETF Approval Anticipation

Ethereum (ETH) options traders are positioning for a potential surge in volatility towards the end of the month, as they eagerly await the U.S. Securities and Exchange Commission's (SEC) verdict on whether to approve a spot ETH exchange-traded fund (ETF). The SEC has until May 23 and 24 to rule on applications from VanEck and Ark Invest-21Shares seeking to launch spot ETH ETFs. Market participants anticipate heightened implied volatility in ETH options leading up to the SEC's decision, with a focus on the period surrounding the announcement. Previously on May 15, ETH options traders were already speculating on potential end-of-month volatility as the SEC's decision approached.

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