$ETH has flipped $BTC in terms of options trading volume in the wake of Ethereum's successful implementation of the Shanghai upgrade. godbole17 reports
The options market tied to ether has seen more activity than bitcoin in the past 24 hours, the first such instance of 2023.
The latest pick-up in activity in the ether options market comes on the heels of Ethereum's successful implementation of the highly-anticipated Since then, CoinDesk's ether price index has rallied by over 10% to an eight-month high of $2,115, defying fears of a post-upgrade price swoon and outperforming market leader bitcoin. The double-digit gain has revved up investor interest in ether call options.
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