“Lyra options markets are implying a ~20% chance of ETH reaching $5,000 by June 28,” Nick Forster, Lyra’s founder and a former Wall Street options trader, told CoinDesk in an email. “There is a 20% chance of ETH moving above $5,500 by July 26, as traders have increased positioning post the ETF speculation.” Source
The FCA introduced a ban on crypto derivatives products including ETPs in January 2020. However, with such products being widely available in Europe for several years and following the U.S. spot ETFs listing approvals, the regulator adjusted its stance. It is keeping the ban in place for for retail investors. Source
SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be. Source
The expectation for the approval of an Ether exchange-traded fund (ETF) is heightened as the Securities and Exchange Commission (SEC) asked Nasdaq, CBOE, and NYSE to amend their applications for the crypto instrument by the end of Tuesday, Reuters reported. Bringing Enthusiasm among Crypto Investors Although there is no official confirmation, the regulator’s reported approach to the exchange has sparked enthusiasm in the crypto markets, as the dollar value of Ether has jumped significantly in the past couple of days. Ether ETF hopes are revived on flurry of application updates…
While the 19b-4 forms might be approved as soon as this Thursday – when the first one, an application by VanEck and Cboe, faces a final deadline – the spot ether ETFs can’t launch until the SEC also approves the S-1 forms filed by the issuers themselves. There appears to be less movement on this front than with the 19b-4 filings. A few applicants have already begun revising their S-1 forms, however. Source
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ETH has been buoyed by favorable regulatory developments that seem to indicate increasing chances of spot ether ETFs being approved by the SEC after the regulator asked exchanges to update 19b-4 filings, which propose rule changes. As a result, the ether implied volatility curve, which shows market expectations of future volatility across different strike prices and expirations, flattened as 25-delta risk reversals hit year-to-date highs above 18%, and traders heavily bought $4,000 calls for 24 May and 31 May, Presto Research analysts wrote. A Polymarket contract asking if an ether…
In previous filings, the firm said it intended to “stake a portion of the trust’s assets” to “one or more” infrastructure providers. However, it clearly stated in Tuesday’s update that it would “not stake the ether” stored with the custodian. Source
“Established memes are generally high beta for the native token of the chain they’re on, and Mog has established itself as a winner on Ethereum while still trading at a fraction of the next biggest meme (Pepe),” Viro, a Mog core team member, said in an interview over Telegram. Source
Late Monday, Bloomberg’s ETF analysts increased the probability of the U.S. Securities and Exchange Commission (SEC) green lighting the spot ETH ETFs to 75% from 25%. Meanwhile, CoinDesk reported that the SEC had asked exchanges looking to list and trade potential spot ether ETFs to update 19b-4 filings on an accelerated basis, a sign of the regulator attempting to fast-track the process. Source