QCP Capital: Due to the reduced likelihood of the Ethereum spot ETF being approved in May, investors' interest in its put options has increased

ChainCatcher news, according to CoinDesk, data shows that Ethereum's one-month skew has turned negative, indicating a relative strength in put options. It is reported that put options are used to hedge against bearish price trends. Previously, Ethereum's 60-day indicator also leaned towards put options, while the 90-day and 180-day indicators remained positive.

QCP Capital explained in its latest market insights article that investor interest in recent Ethereum put options may stem from the decreasing likelihood of the U.S. SEC approving an Ethereum spot ETF in May.