Pre-ETF Ether Options Trend Mirrors BTC Except for One Key Difference

Ether's options market shows a bullish bias over the 30-day and six-month period ahead of the ETF launch, mirroring bitcoin market trends in January.The measured bullish sentiment might lead to ether outperformance later.are expected to begin trading as soon as mid-July.

The positive value indicated a willingness to pay relatively more for call options, offering buyers an asymmetric payout in the upward direction over the next four weeks. A call gives the holder the right to buy an underlying asset at a preset price within a specific time frame and represents a bullish bet. A put represents a bearish bet.

"The upcoming ETH ETF launches are likely to have a much more material impact in ETH as it brings a new wave of investors. With ETH's supply being highly concentrated in long-term players, ETF inflows could have an outsized effect if they are proportionally as large as the one's Bitcoin received," analytics firm IntoTheBlock said in the latest edition of the weekly newsletter.Bitcoin's 30-day options skew flipped bearish on Jan.

BTC's seven-day skew showed a stronger bias for calls than the 30-day skew several times ahead of the ETF debut, a sign of heightened optimism or expectations of a price increase soon. That's probably because several analysts are unsure the demand for ether ETFs will match the benchmark set by bitcoin ETFs."Bitcoin had the first mover advantage, potentially saturating the overall demand for crypto assets in response to spot ETF approvals,”, led by Nikolaos Panigirtzoglou, said in May, adding that ether ETFs could see $3 billion in net inflows this year.

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