The options market for ether (ETH) is exhibiting a bullish bias in the lead-up to the launch of spot exchange-traded funds (ETFs) in mid-July, mirroring the sentiment seen in bitcoin (BTC) options in the months before the debut of BTC ETFs. While both markets show bullish positioning, the ether market shows no signs of the same bullish euphoria that characterized the bitcoin market in early January, suggesting a lower probability of a "sell-the-fact" pullback after the ETF launch. This measured bullish sentiment in ether could lead to outperformance later. The 30-day and six-month options skews for ether are both positive, indicating a willingness to pay a premium for call options, which represent a bullish bet. Traders are positioning for ether strength heading into the ETF debut and over the next six months. However, unlike bitcoin, the seven-day skew for ether remains below the 30-day skew, indicating a more measured bullish bias and no signs of euphoria. This suggests that the market is not expecting a significant price jump in the short term, unlike the situation with bitcoin ETFs. Analysts are still unsure whether the demand for ether ETFs will match the benchmark set by bitcoin ETFs, but the measured bullish sentiment and lack of euphoria could lead to ether outperforming bitcoin in the long term.
Key Points:
Ether options market shows bullish bias ahead of ETF launch, mirroring trends seen in bitcoin options before BTC ETF launch.
However, ether market shows no signs of bullish euphoria, suggesting a lower probability of a "sell-the-fact" event following the ETF debut.
This measured bullish sentiment could lead to ether outperformance later.
Analysts are unsure if demand for ether ETFs will match bitcoin ETFs, but the lack of euphoria could lead to ether outperforming bitcoin in the long term.
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