Matrixport: ETH volatility looks cheap relative to BTC volatility
Golden Finance reported that Matrixport stated on the X platform that according to the prediction market, the probability of the US SEC approving an Ethereum spot ETF this week is only 7%. Derivatives markets expect ETH to move +/-4.8% by the end of the week. Historically, ETH's trading volume has averaged 30% higher than BTC's trading volume, but recently ETH's trading volume has been even lower, despite it being generally a higher beta asset. This has not been the case since the bull market began. Still, ETH volatility looks cheap relative to BTC volatility.
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.
