ETH Spot ETF Launch Spurs Spike in Implied Volatility
CryptoNewsTerminal Staff23 Jul, 2024
ETH Spot ETF Launch Spurs Spike in Implied Volatility
Crypto options analytics firm Greeks.live's macro researcher Adam reported that ETH Implied Volatility (IV) spiked to 80% on the options market with the launch of the ETH spot ETF. This is significantly higher than the recent average of 60%. Adam noted that the majority of the flow was weighted towards bullish call buying, accounting for nearly half of today's volume. However, he tempered expectations, citing Bitcoin's experience with large sell-offs following spot ETF launches.