Crypto Traders Eye Ether Record, Rising Volatility From US ETF Hype
- Options market shows flurry of wagers on $5,000 all-time peak
- Investors also expect far greater swings in Ether than Bitcoin
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Bets on more Ether gains are intensifying following a surprise US regulatory pivot toward allowing exchange-traded funds for the digital asset, even as questions swirl about the strength of demand for the products.
The shift by the US Securities & Exchange Commission catalyzed a 26% jump in the second-largest token in the seven days through Sunday, the biggest weekly advance since the 2021 crypto bull market, data compiled by Bloomberg shows.