Bitcoin ETF Debut Serves as a Lesson for Ether ETF Speculators
Summary
Nearly a dozen spot bitcoin exchange-traded funds (ETFs) began trading in the U.S. after SEC approval. Implied volatility surged before the ETF launch but then dropped. Bitcoin's price initially rose but later retreated. Traders are now eyeing ether options as they anticipate the potential launch of an ether spot ETF. Multiple firms have filed applications for spot ether ETFs, with the earliest possible approval in May for VanEck’s ETF, followed by BlackRock’s in August.
