Ethereum ETF Hopes Boost Ether Call Options

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Amid renewed hope in the market over the potential Ethereum ETF approval, ether call options are now more expensive than put options for all expiries, signifying a bullish outlook. Traders are willing to pay more for calls than puts, particularly for options expiring at the end of June and beyond. This indicates a bullish market sentiment as traders anticipate a future price rise. After the SEC’s surprise request for filing amendments, the Deribit exchange saw a surge in trading volumes and volatility for ether options and futures. An unprecedented trading volume of $12.5 billion notional was recorded over the last 24 hours.