Options Traders Bet Big That Ether’s Turn for an ETF Is Coming Soon

Options Traders Bet Big That Ether’s Turn for an ETF Is Coming Soon
Options traders are turning their attention to long-term bullish bets on the cryptocurrency ether, as some anticipate that an ether-based exchange-traded fund (ETF) product will likely follow the launch of the first bitcoin futures-based ETF in the U.S.Data reveal a growing demand for long-dated, out-of-the-money (OTM) call options on ether – bullish bets with strike prices well above the spot market price of the cryptocurrency.A strong purchase activity was captured on ether’s $15,000 calls expiring March 25, 2022, according to Singapore-based trading firm QCP Capital. That’s a far cry from current spot prices; ether traded above $4,000 in the past…