Around $1.8 Billion in Crypto Options Expire Today As Ethereum ETF Launch Is Awaited

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.

Jul 19, 2024 14:46

Approximately $1.79 billion in Bitcoin (BTC) and Ethereum (ETH) options are set to expire today, leading to anticipated market volatility. According to Deribit’s data, 20,679 Bitcoin contracts, worth approximately $1.31 billion, are set to expire today. In addition to Bitcoin options, 142,583 Ethereum contracts will also expire today, holding a notional value of over $483.84 million. Furthermore, Deribit outlined that the indication of spot Ethereum ETF trading on July 23 has stimulated a strong rally for ETH.