Singapore's QCP Capital: 'ETH Options Market Exhibits Optimism Despite Crypto Downturn'

IconCryptoNewsTerminal Staff04 Jul, 2024

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Singapore's QCP Capital: 'ETH Options Market Exhibits Optimism Despite Crypto Downturn'

Despite the recent sell-off in the cryptocurrency market, the demand for Ethereum (ETH) call options expiring in September and December remains strong, indicating that the options market is still optimistic about the long-term prospects of ETH, according to Singapore-based cryptocurrency trading firm QCP Capital. This optimism could be further fueled if the U.S. Securities and Exchange Commission (SEC) approves the application for a Bitcoin ETF, which could lead to a breakout in the price of ETH.