A recent report reveals a significant forking in investor sentiment between Ethereum (ETH) and Bitcoin (BTC).

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, published its latest Crypto Derivatives Analytics Report in collaboration with BlockScholes. 

According to that report, market trends and trading signals across spot trading volume, futures, options, and perpetual contracts show a growing bullish sentiment toward ETH.

Investors are optimistic about ETH because of the imminent launch of the first Ether Spot ETFs in the United States. This optimism is reflected in ETH’s sustained volatility premium over BTC even amidst the recent market activity and sell-off. 

Study findings

Despite the recent market slump, ETH futures have recovered in open …