Crypto Market Reacts to Spot ETH ETF News with Active Call Option Buys

IconCryptoNewsTerminal Staff15 Jul, 2024

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Crypto Market Reacts to Spot ETH ETF News with Active Call Option Buys

"According to Adam, Macro Researcher at crypto options analytics firm Greeks.live, the market is pricing in call (bullish) options at more than half of total volume. This suggests buying in anticipation of a spot ETH ETF approval." The news of a potential spot ETH ETF has sent shockwaves through the crypto community, with analysts indicating that the market is "pricing in call (bullish) options at more than half of total volume." This suggests that there is a significant amount of buying activity in anticipation of the ETF's approval. Despite the current low implied volatility (IV), the market remains bullish on both BTC and ETH. This is evident in the fact that call options are still being bought at a higher rate than put options. The launch of a spot ETH ETF would be a major milestone for the cryptocurrency industry. It would provide investors with a more convenient and regulated way to gain exposure to Ethereum. As a result, it is likely that the ETF's approval would lead to a further increase in the price of ETH.

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