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Analysis: Ethereum options implied volatility could rise by the end of May

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2024-05-15 09:34:58
Ethereum options traders are bracing for month-end volatility as the SEC is highly unlikely to approve two spot Ethereum ETF applications. May 23 and May 24 are deadlines for the SEC to decide whether to approve the spot Ethereum ETF applications filed by VanEck and ArkInvest/21 Shares, respectively.
According to Jake Ostrovskis, a trader at Wintermute over the counter, the market currently sees only a 16% chance of these ETFs being approved by the end of May. It added that Ethereum option implied volatility could rise by the end of the month, especially around the time the SEC is expected to make a decision on an Ethereum spot ETF.
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