Call options are dominating ether open interest as investors position themselves for a potential increase in institutional demand from spot ETH exchange-traded funds , analysts noted.
This observation aligns with data from the Deribit derivatives exchange, which shows the ether put-call ratio for all expirations is now at 0.56. A put-call options ratio below one indicates that the call volume exceeds the put volume, signifying bullish sentiment in the market.
The Block's Data Dashboard shows ether IV spiked last week amid the SEC's decision to approve eight spot ether ETFs. Since then, IV has decreased slightly but is still elevated compared to that for bitcoin.
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