ETH to BTC trader exposure ratio increased ahead of ETF approval

As the expectations of the spot Ethereum (ETH) exchange-traded fund (ETF) approval come closer, traders place bigger bets on ETH rather than Bitcoin (BTC). According to a CryptoQuant report shared with crypto.news, the ETH-BTC open interest ratio has increased from 0.54 to 0.67 over the past week. This shows traders are getting a higher exposure to Ethereum rather than Bitcoin due to the expectations of the spot ETH ETF approval. Data from Santiment shows that the ETH total open interest is currently standing at $8.53 billion. The total funding rate…

Bitcoin (BTC), Ether (ETH) in Stasis as SEC ETF Decision Looms, Nvidia (NVDA) Hits Record High

“The SEC should approve U.S.-listed ETH ETFs today. Hours before the Bitcoin ETF approval, SEC Gensler tweeted that crypto investors should consider all potential risks before making any investment. Today, a tweet could come around 9 a.m. ET. and would provide more clarity on whether approval would be imminent,” Markus Thielen, founder of 10x Research, said in a note to clients. Original

Analyst Highlight Positive Bias In ETH Options Across All Expiries

Recent developments in the crypto market indicate a strong bullish sentiment among Ethereum traders, particularly in the options market. Amid the growing anticipation for potential approvals of spot Ethereum exchange-traded funds (ETFs), there has been a noticeable shift in option pricing, with Ethereum call options becoming more expensive than put options across all expiries. This pricing pattern suggests the market is optimistic about Ethereum’s price prospects. Notably, A call option gives the holder the right, but not the obligation, to buy an asset at a specified price within a specific…

Ether Volatility Expected as Traders Flood Exchanges With $231M of ETH Amid ETF Hopes

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Bitcoin (BTC) and Ether (ETH) Among Cryptos to be Accepted By Trump Campaign

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…