In a significant market development, Ethereum (ETH) has experienced a notable increase of over 13% within the last 24 hours, following President Trump’s announcement regarding a 90-day tariff suspension affecting 75 countries. Based on data from BiyaPay, Ethereum surpassed the pivotal $1680 threshold, currently trading around $1614. In conjunction with this announcement, the U.S. Securities and Exchange Commission (SEC) granted approval for options trading related to a physically backed Ethereum ETF. This move also extends to the Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, enabling trading on the New York Securities Trading Platform LLC.
Market experts have commented on the SEC’s decision, with industry figures like Nate Geraci, President of ETF Store, indicating that the approval for options trading is a clear indication of an expanding market. This development is expected to pave the way for an array of innovative Ethereum ETFs, including products designed for bullish strategies and buffered options. As volatility characterizes the current market landscape, the appetite for structured, regulated investment vehicles has risen. Institutional investors, in particular, are turning to these tools to enhance their risk management and asset allocation strategies amidst ongoing uncertainty.
In this evolving scenario, BiyaPay emerges as a pivotal player. As a pioneering multi-asset trading wallet, it facilitates instant fiat-to-crypto exchanges and offers engagement with U.S. and Hong Kong stock markets using USDT. Its features, including zero-fee spot/contract Maker and a compliant withdrawal channel, aim to minimize risks commonly associated with traditional trading methods, thereby providing crypto investors with the robust solutions they seek in a landscape marked by policy fluctuations.