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Three straight weeks of inflows into digital asset investment products has pushed year-to-date figures to record highs.Ethereum benefited from last week’s approval of exchange-traded funds in the United States.

Ether options open interest is dominated by calls, reflecting a bullish market structure as traders anticipate ETF trading, analysts said.Implied volatility for near-term ether call options is higher than that for bitcoin, indicating that derivatives market participants anticipate upward price movements for ether, analysts added.
Kaiko analysts report potential daily outflows of $110 million for Grayscale’s new Ether ETF, akin to GBTC’s ETF transition.

Chainlink’s native token is among the few alts in the green today.