The US SEC just made headlines as it approved options trading. This groundbreaking decision could change the very The approval filing was published on Wednesday, April 9th. This groundbreaking decision included some of the largest ETH ETFs, including Bitwise, Grayscale, and BlackRock.
Options trading can certainly have a huge impact on the landscape as it increases liquidity. This liquidity would allow traders to bet on the future prices of the token. The best part about options trading is that the trader does not need to have direct exposure to the token.
SEC’s Newest Crypto-Friendly Move
This new move by the SEC is yet another milestone in the organization’s crypto-friendly stance. It will expand the corpus and allow for a more detailed adoption. However, it would be wrong to assume that ETFs are new to the US crypto ecosystem.
BTC has already established itself with more detailed ETFs. In other words, BTC arguably has one of the most sizable revenue inflows via its ETF ecosystem. However, ETH ETFs were on the backfoot. This decision might change that.
With the help of more options trading, ETH ETFs might see major price surges. With more liquidity in sight, people can flock towards the crypto and push its price higher, turning the tides in favor of ETH.
Then again, Trump’s trade war is standing at the precipice of chaos. Hence, there is a chance that things could turn sour at any moment. Therefore, the best move would be to sit and wait for a while. See where the price is going and then make a move.
