Ether options traders brace for end-of-month volatility around ETF decision deadline | Headlines | News | CoinMarketCap
05/15/2024 16:40
Ether options traders are gearing up for end-of-month volatility due to the strong possibility that the U.S. Securities and Exchange Commission (SEC) …
Ether options traders are gearing up for end-of-month volatility due to the strong possibility that the U.S. Securities and Exchange Commission (SEC) will not approve two spot ether ETF filings.
The SEC has deadlines on May 23 and May 24 to decide whether to approve the applications for spot ether ETFs submitted by VanEck and ArkInvest/21 Shares, respectively.
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 …