Matrixport: ETH volatility looks cheap relative to BTC volatility
Matrixport stated on the X platform that based on market predictions, there is only a 7% chance that the US SEC will approve an Ethereum spot ETF this week. The derivative market predicts that by the end of this week, ETH's volatility will reach +/-4.8%. Historically, ETH's trading volume has been on average 30% higher than BTC's trading volume, but recently ETH's trading volume has been even lower, despite it usually being a higher beta asset. Since the beginning of the bull market, this has not been the case. Nevertheless, compared to BTC volatility, ETH volatility appears to be cheap.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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