The U.S. Securities and Exchange Commission (SEC) is expected to make a final decision on VanEck's proposed Ethereum spot exchange-traded fund on May 23rd local time, which has attracted great attention from the market. From the volatility pricing of the options market, it can be seen that the at-the-money options of ETH 24 MAY have continued to rise in the past few days, forming a local high, and the overall volatility level is also 5-10% higher than Bitcoin (BTC). Due to the higher volatility premium at the front end, the term structure appears flatter.
This is an important moment for the cryptocurrency community. Although the market is relatively optimistic about the approval of the ETH ETF, the recent weak trend of Ethereum (ETH) seems to suggest that the market has digested the expectation of the rejection of the Ethereum ETF this time. Analysts believe that the approval of the ETH ETF is expected to be achieved next year, which will provide investors with more investment opportunities and promote the development of the entire crypto industry.
Key points:
SEC decision is imminent: On May 23, the United States will make a final decision on VanEck's ETH Spot ETF, which has attracted great attention from the market.
ETH 24 MAY has continued to rise in the past few days, forming a local high, and the overall level is also 5-10% higher than BTC.
Although the market is optimistic about the approval of the ETH ETF, the recent weak trend of Ethereum suggests that the market has partially digested the possibility of rejection.
Analysts expect the approval of the ETH ETF to be achieved next year, which will provide more opportunities for investors and promote the development of the crypto industry.
The SEC's decision will directly affect investor confidence and market sentiment, and if approved, it may trigger a significant increase in the price of ETH.
Since ETH volatility has risen significantly, greater price fluctuations may occur in the short term.
The approval of the ETH ETF will mark an important milestone in the cryptocurrency market, helping to attract more institutional investors and promote market maturity.
The resolution on the ETH Spot ETF is undoubtedly an important event in the cryptocurrency market. Although the market is optimistic about the approval, the recent trend of Ethereum has shown a certain cautious sentiment. Regardless of the outcome, this resolution will have a profound impact on the market. In the future, as more ETF products are approved, investors will usher in more opportunities, and the entire crypto industry will further develop and grow.
