Ether Options Open Positions Indicate Bullish Sentiment on May Spot Ether ETF Approval

Open positions in Ether options indicate optimistic expectations that the spot ETH ETF could be approved in May, said Jag Kooner, head of derivatives at Bitfinex. The deadline for a final approval decision on the spot Ether ETF application filed with the US SEC by asset managers VanEck and Ark/21Shares is 23 May.Jag Kooner highlights a significant increase in open interest in long-dated options calls for March, April and May. However, he added: "The categorisation of Ether as a security or commodity is the main factor influencing these forecasts and the reaction of the derivatives market." Ether Options Open Positions Indicate Bullish Sentiment for May Spot Ether ETF Approval