- The market expects U.S. Bitcoin spot ETF approval next week, but options data hints at little price impact.
- Options contracts expiring in January show surprisingly low volatility and trading activity.
- Greeks.live suggests the market has already “priced in” the potential ETF approval.
Crypto options market trading platform Greeks.live has poured cold water on expectations of a significant price surge that could follow the U.S. regulator’s permission of a Bitcoin spot exchange-traded fund (ETF).
In a recent tweet, Greeks.live reported on speculation circulating in the market regarding the U.S. SEC’s potential authorization of the Bitcoin spot ETF application. According to the tweet, there is anticipation that the regulator could greenlight the ETF as early as next Tuesday, January 2, 2024.
Such development is expected to be pivotal for the crypto market, as it would allow investors to trade Bitcoin-backed ETFs on regulated exchanges. However, the tweet highlighted the surprisingly low market activity in response to the news.
There is news in the market that the SEC will pass the Bitcoin Spot ETF application as early as next Tuesday, but there was lit…The post Data Shows Traders Already Priced In SEC Decision on Bitcoin ETF appeared first on Coin Edition.