Ethereum's (ETH) price increased over 4% in the past 24 hours after the Securities & Exchange Commission (SEC) dropped its Ethereum 2.0 investigations amid expectations of spot ETH ETFs.
Ethereum ETF issuers are expected to file updated S-1s before weekend following Bitwise filings. SEC didn't explicitly declare ETH a commodity despite closing Ethereum 2.0 investigation. Ethereum 's increased implied volatility may be misleading as institutions may employ similar cash-and-carry arbitrage strategy when spot ETH ETFs launch. Ethereum 's price increased over 4% in the past 24 hours after the Securities & Exchange Commission dropped its Ethereum 2.
Also read:Ethereum resumes downtrend as Canada sees another staked ETH ETF launch However, Amberdata's director of derivatives, Greg Magadini, believes the current excitement surrounding spot ETH ETFs and its expected impact on the price of ETH may be unfounded. I continue to remain skeptical that this relative volatility premium remains persistent.
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