Matrixport: The probability of the SEC approving a spot Ethereum ETF is only 7%, and the market expects Ethereum to fluctuate by plus or minus 4.8% this week

ChainCatcher news, Matrixport posted on platform X stating that, according to the prediction market, the likelihood of the SEC approving a spot Ethereum ETF this week is only 7%. The derivatives market expects that by the end of this week, ETH's volatility will reach +/-4.8%.

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 typically being a higher beta asset. This has not been the case since the bull market began. Nevertheless, relative to BTC volatility, ETH volatility seems to be lower.