Ether option traders are preparing for heightened price volatility surrounding the SEC's end-of-May deadlines for spot ether ETF decisions.
Ether options traders are gearing up for end-of-month volatility due to the strong possibility that the U.S. Securities and Exchange Commission will not approve two spot ether ETF filings.
According to Wintermute OTC Trader Jake Ostrovskis, the market currently assigns just a 16% chance of these ETFs being approved by the end of May. Ostrovskis added that ether options implied volatility will likely rise towards the end of the month, especially around the time when the SEC is expected to make decisions regarding spot ether ETFs.
"Analysts have noticed a hint in one of the SEC’s documents suggesting possible grounds for potential denial – specifically, filing the vehicles as a commodity trust was improper as ether may turn out to be a security. This adds to the view that the SEC had already made its decision long ago and is now engaging in post hoc rationalization to justify it," Presto Research analysts Peter Chung and Min Jung said in an email sent to The Block.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analystBloomberg's James Seyffart offers some theories as to why Grayscale's spot bitcoin ETF logged inflows two days straight.
Les mer »
Franklin Templeton launches Ethereum ETF, listed on DTCCFranklin Templeton launches Ethereum ETF (EZET) listed on DTCC. Availability for creation and redemption signals ETF supply adjustment but doesn’t guarantee SEC approval of Ether ETF.
Les mer »
Robinhood Wells Notice Shouldn’t Deter Eventual Approval of an Ether Spot ETF: JPMorganWill Canny is CoinDesk's finance reporter.
Les mer »
Grayscale’s Ether Futures ETF Application Pulled, Reason Not DisclosedCrypto Blog
Les mer »
Traders rush to short Ether as Grayscale pulls its futures ETF planShort positions are dominating the Ether futures market following Grayscale’s recent withdrawal of its Ether futures ETF application.
Les mer »
Ether spot ETF approval seen as increasingly doubtful by industry professionals: ReutersIndustry professionals are increasingly doubtful about the chances of approval for ether spot ETFs by the SEC in May, according to Reuters.
Les mer »