The post Bitcoin ETF approval won’t trigger crypto market rally — Options Data appeared on BitcoinEthereumNews.com.

The options data from Greeks.Live showed that the implied volatility for Jan12 options, closely tied to the ETF, decreased instead of rising. Greeks.live, a platform for trading crypto options, has dampened hopes of a significant price surge after the U.S. regulator approves a spot Bitcoin exchange-traded fund (ETF) with data from its platform. According to a tweet by Greeks.Live, recent market data from its trading platform indicates that despite speculation about the SEC approving the Bitcoin Spot ETF application next Tuesday, there has been little volatility in major term implied volatilities (IVs) and prices. Term IV measures the market’s expectation of future price movements in options contracts. Read more Source: https://cointelegraph.com/news/bitcoin-etf-approval-wont-trigger-crypto-market-rally-options-data

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Filed under: News - @ December 31, 2023 12:08 pm