The 30-day volatility skew for bitcoin options on the CME rose to 4.4%—the highest since Donald Trump’s victory in the U.S. presidential election on November 5. This data was provided by CF Benchmarks, as reported by CoinDesk.
This metric indicates the degree of bullish sentiment dominance. It is calculated as the difference in implied volatility between calls and puts.
According to Thomas Erdosi, head of products at CF Benchmarks, a bullish outlook is observed across all contract maturities.
The expert suggested a possible decrease in the metric by the end of the month, noting a high likelihood of continued upward pressure on the price of the leading cryptocurrency in the foreseeable future.
On January 20, bitcoin reached a new all-time high at over $109,000.
The following day, the market experienced a sharp profit-taking due to the absence of cryptocurrency mentions during Trump’s inauguration speech.
The digital gold price momentarily dropped to $100,120.
In his post-inauguration speech, the U.S. president did not address the creation of a national bitcoin reserve, which was part of his campaign promises.
At the time of writing, the price recovered to $105,440. The rebound was accompanied by sustained demand for BTC-ETF.
On January 21, inflows into products totaled $802.5 million. Over the previous three days, investors poured $2.46 billion into these instruments.
The cumulative inflow since the approval of BTC-ETF in January 2024 approached $39 billion.
The AUM of products rose to $123.6 billion.
49.1% ($60.7 billion) of this amount is attributed to IBIT. Along with Grayscale’s GBTC ($21.59 billion) and Fidelity’s FBTC ($22.59 billion), BlackRock’s exchange-traded fund concentrated 84.8% of the sector’s funds.
ETH-ETF
On January 21, inflows into ETH-ETF amounted to $74.4 million. The positive trend continued for the fifth consecutive day (totaling $325.8 million).
Since the launch, the instruments attracted $2.74 billion. AUM increased to $12.1 billion.
The leaders in attracted funds are Grayscale’s ETHE ($4.61 billion) and BlackRock’s ETHA ($3.91 billion).
ConsenSys founder Joe Lubin predicted the “imminent” approval of staking for ETH-ETF.
Earlier, CF Benchmarks experts suggested that in 2025, investment advisors will increase their positions in bitcoin and Ethereum-based exchange-traded funds by more than 50%.
Back in 2024, BTC-ETF issuers and public companies acquired 859,454 BTC, according to K33 Research. This corresponds to 4.3% of the available supply and is equivalent to the next eight years of coin mining by miners.