Ethereum options traders brace for month-end volatility ahead of ETF decision deadline

2024-05-15 18:10:47 Views

PANews reported on May 15 that Ethereum options traders are preparing for month-end volatility as the U.S. Securities and Exchange Commission (SEC) will most likely not approve two spot Ethereum ET applications. The SEC’s deadlines are May 23 and May 24 to decide whether to approve spot Ethereum ETF applications submitted by VanEck and ArkInvest/21 Shares respectively. Wintermute OTC trader Jake Ostrovskis said that the current market believes that the probability of these ETFs being approved at the end of May is only 16%, and the implied volatility of Ethereum options may increase at the end of the month, especially after the SEC is expected to issue regulations on spot Ethereum. when ETFs make their decisions. Ostrovskis said: “There are some slight distortions in the term structure of Ethereum’s implied volatility. Pricing on May 31 was around 60%, then the market leveled off and rose again from June until the end of the year. This Bitcoin Volatility pricing for the same period is 8 percentage points higher, which is about 52%.”

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Title:Ethereum options traders brace for month-end volatility ahead of ETF decision deadline - Flash
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