Ethereum Options Traders Bullish as ETF Approval Looms
CryptoNewsTerminal Staff22 May, 2024
Ethereum Options Traders Bullish as ETF Approval Looms
Traders of Ethereum options are exhibiting a bullish sentiment as anticipation heightens towards the potential approval of an Ethereum spot ETF, as per an analysis by Luuk Strijers, Chief Commercial Officer of Deribit Exchange. Strijers noted that "the ETH put-call skew, which compares put and call option contracts, is negative across all maturities." This implies a stronger demand for call options, a sign of bullishness. Moreover, trading volumes for Ethereum options and futures have witnessed a notable surge on Deribit, with a trading volume of $12.5 billion in the last 24 hours.
