Around $1.8 Billion in Crypto Options Expires Today Pending Ethereum ETF Launch

Author: Nidhi Kolhapur

Nidhi is a certified digital marketing executive and passionate crypto journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

July 19, 2024 14:46

Approximately $1.79 billion in Bitcoin (BTC) and Ethereum (ETH) options expire today, leading to expected market volatility. According to Deribit data, 20,679 Bitcoin contracts worth about $1.31 billion are set to expire today. In addition to Bitcoin options, 142,583 Ethereum contracts are set to expire today with a value of over $483.84 million. Additionally, Derbit noted that the spot Ethereum ETF trading indicator on July 23 triggered a strong rally for ETH.