Bitcoin Volatility Crashes Post-ETF Approval, Sounding Note of Caution for Ether ETF Hopes
• Bitcoin's implied volatility crashed after SEC approved spot ETFs, a lesson for ether ETF optimism • Traders took long volatility positions before bitcoin ETF launch, risky as volatility often spikes then crashes post-event • Bitcoin price rallied before ETF launch but options signaled potential post-approval cooling • Ether options pricing could foreshadow performance around potential ETF launch • VanEck and BlackRock ether ETF applications decision deadlines coming up in May and August 2023