Ethereum Options Traders Prepare For End Of Month Volatility Amid Likely SEC Disapproval Of ETF Applications

According to BlockBeats, Ethereum options traders are bracing for increased volatility at the end of May due to the high probability that the U.S. Securities and Exchange Commission (SEC) will not approve two spot Ethereum ETF applications. Jake Ostrovskis, an over-the-counter trader at Wintermute, stated that the current market believes the likelihood of these ETFs being approved by the end of May is only 16%. The implied volatility of Ethereum options may rise towards the end of the month, particularly when the SEC is expected to make a decision on the spot Ethereum ETFs.

The SEC's final deadlines are May 23rd and May 24th to decide whether to approve the spot Ethereum ETF applications submitted by VanEck and ArkInvest/21 Shares respectively. The anticipation of these decisions is causing traders to prepare for potential market fluctuations. The SEC's decision could have significant implications for the Ethereum market, and traders are closely monitoring the situation.