The U.S. Securities and Exchange Commission (SEC) has recently given the green light for options trading on spot Ethereum (ETH) ETFs. This approval includes BlackRock’s ETHA, Bitwise’s BITW, and Fidelity’s FETH. The decision by the SEC is expected to attract more investments in ETH, according to Nate Geraci of ETF Store.
While this development is positive, Bloomberg analyst James Seyffart mentioned that the outcome was anticipated, as it was the deadline for the SEC’s decision. However, Seyffart also suggested that staking on these products could potentially be approved as early as May or August, even though the final deadline is in October.
The approval of staking on these ETFs is expected to have a significant impact on ETH demand and value, especially among institutional investors seeking the additional 3% annual yield. Some experts believe that the absence of staking options may have contributed to the relatively lukewarm performance of spot ETH ETFs compared to BTC ETFs.
Since their launch, spot ETH ETFs have seen $2.3 billion in cumulative inflows, while BTC ETFs have attracted $35 billion in total inflows, outperforming ETH by 17 times. Despite the approval of options trading, ETH saw a 10% increase in value from $1400 to $1600 on April 9th, following President Donald Trump’s announcement of a 90-day pause on certain tariffs.
Although the approval of options trading did not serve as a primary catalyst for the price surge, there was a noticeable spike in market interest for ETH, as indicated by the increase in April’s Social Volume. However, the overall sentiment remains negative for ETH’s sustained recovery.
On the technical side, the bullish RSI divergence on the 4-hour price chart suggests a potential recovery for ETH. Confirmation of this momentum would require the On Balance Volume (OBV) to surpass the trendline resistance. In the short term, ETH’s price may encounter resistance near the 50EMA ($1600), similar to recent days. A decisive move with increased trading volume above this hurdle could propel ETH higher, but long-term recovery may depend on a positive macro shift and the potential approval of ETH ETF staking.
In conclusion, the recent approval of options trading for spot ETH ETFs by the SEC is a positive development for the cryptocurrency market. It is expected to attract more investments in ETH and potentially lead to further advancements in the cryptocurrency industry. A new study published in the Journal of Science has shed light on the potential benefits of regular exercise for mental health. The study, conducted by a team of researchers from the University of California, Berkeley, found that individuals who engaged in regular physical activity were less likely to experience symptoms of depression and anxiety.
The researchers analyzed data from over 1,000 participants who were part of a long-term study on mental health and physical activity. They found that individuals who reported engaging in at least 30 minutes of moderate to vigorous exercise three times per week were significantly less likely to report symptoms of depression and anxiety compared to those who did not exercise regularly.
One of the key findings of the study was that exercise appeared to have a protective effect against the development of mental health issues. Participants who engaged in regular physical activity were not only less likely to experience symptoms of depression and anxiety, but they also reported higher levels of overall well-being and life satisfaction.
The researchers also found that the type of exercise did not seem to matter as much as the frequency and intensity of the activity. Both aerobic exercises, such as running or swimming, and strength training exercises, such as weightlifting or yoga, were associated with lower levels of depression and anxiety.
These findings have important implications for public health policy and mental health treatment. Incorporating regular physical activity into daily routines could be an effective and cost-efficient way to improve mental health outcomes for individuals struggling with depression and anxiety.
The researchers stressed that while exercise can be a helpful tool in managing mental health symptoms, it should not be seen as a replacement for professional treatment. Individuals experiencing severe mental health issues should seek the guidance of a mental health professional to develop a comprehensive treatment plan.
Overall, this study adds to the growing body of research supporting the benefits of exercise for mental health. By incorporating regular physical activity into their daily routines, individuals may be able to improve their overall well-being and reduce their risk of developing mental health issues.