- All eyes are on the ETH ETF deadline later today
- With Friday implied volatility above 100%, the market is expecting fireworks
- BlackRock and five other issuers have amended their ETF filings with the SEC and VanEck’s ETF has been listed by the DTCC. We think an approval is now highly likely with trading expected as early as next week
Trade Idea ETH ETF a done deal? If the BTC ETF approval was any indication, we could see a similar 60% rally from here.
ETH Enhanced Sharkfin (Principal Protected) Spot Ref: 3740 ETHUSD
Maturity: 27SEP24 Base Coupon: 3% p.a. Strike: 4500 Knockout: 6000 Max Payout: 98% p.a.
Get paid up to 98% p.a. if ETH expires just below 6000 on expiry.
Even if ETH dips below 4500, you still get paid a 3% p.a. coupon.