SEC Approves ETH ETF Options Trading, ETH Gains 11%

The US Securities and Exchange Commission (SEC) has finally approved options trading for Ethereum (ETH) ETFs, a move that could significantly impact the crypto market. The announcement, published in the SEC's latest Notice of Filing on April 9, comes almost a year after the proposal was submitted on July 22, 2024. This decision is expected to pave the way for new cryptocurrencies to explode in the upcoming bull cycle.

The approval of options trading for ETH ETFs is likely to cause ripples in the crypto market. Options trading allows for speculation on ETH’s price movement and comes with leveraged gains. While options trading isn't necessarily a wealth-building strategy for volatile assets, ETH's status as the second-largest cryptocurrency by market capitalization and its utility make it a prime candidate for such trading. The ability to speculate on ETH’s price movement with leveraged positions and advanced trading strategies is expected to increase investor confidence and lead to more public adoption.

The first signs of this impact are already visible, with the SEC’s decision pushing ETH’s cumulative net inflow by $2.31 billion between April 10 and April 11. The president of The ETF Store declared that we should expect to see a lot of options-based trading tools coming out soon. This sentiment was echoed by an ETF analyst, who called the SEC’s ruling ‘100% expected.’

Despite the positive outlook, the Ethereum market has been in the red for quite some time. The asset shed almost $170 billion in market value in the first quarter of 2025 alone. This caused analysts to slash their 2025 price target for ETH by 60%, from $10,000 to $4,000. However, the Senate's confirmation of pro-crypto Paul Atkins as the SEC’s new Chairman with a 52-44 vote on April 10, along with the SEC dismissing the Nova Labs case for alleged security violations, signals a shift in policy. Helium, the company behind the Helium network, announced the news in a blog post, calling the decision ‘a win for Helium and the people.’ Interestingly, the Helium token surged by 6% following the post.

Even more hopeful is ETH’s hint at a bullish race after gaining some 11% between April 9 and April 11. This news could have sizable implications for the crypto market, especially on ERC-20 altcoins. Three exciting new crypto coins that could benefit from this development are Solaxy ($SOLX), BTC Bull Token ($BTCBULL), and BabySwap ($BABY).

Solaxy ($SOLX) is Solana’s Layer 2 upgrade that aims to fix the blockchain’s most pressing problems: high fees, slow transactions, and network crashes. Solaxy promises to change the game for Solana by deploying transaction bundling and scale volume trading with off-chain execution. This approach will solve network congestion, address failed transactions, and increase speed. Solaxy is currently one of the best presales to invest in, having accumulated nearly $30 million so far. The price of one $SOLX currently stands at $0.00169, and its price is expected to increase exponentially post-launch, given Solana’s popularity and Solaxy’s utility. The dynamic staking rewards are currently at 137% and will drop as more people join the staking pool. Solaxy is one of the few meme coins with a clear and explicit utility within Solana’s ecosystem, as detailed in the whitepaper.

BTC Bull Token ($BTCBULL) offers holders Bitcoin airdrops each time the King coin breaches designated price barriers ($150K, $200K) for the first time. This project team believes Bitcoin will eventually reach and surpass the $1M threshold, and it’s trying to rally the community behind it. The project also has a token burn system in place, deleting tokens each time $BTC reaches specific price points ($125K, $175K, $225K). A massive $BTCBULL airdrop awaits investors when $BTC reaches the $250K price mark. The presale has accumulated over $4.5 million so far and it’s heading to its next price milestone fast. $BTCBULL is currently valued at $0.002455 with a dynamic APY of 91% for stakers. BTC Bull Token is one of the most promising meme coins due to the simple fact that its growth is dependent upon that of Bitcoin.

BabySwap ($BABY) is an automated market maker (AMM) that does all the hard work for you. No need to visit centralized exchanges and navigate convoluted systems to kickstart your trades. The project offers a smart router to exchange your BEP 20 tokens on BabySwap’s native exchange with more advantageous slippages. You also get the POOP DeFi protocol, which turns your poorly-performing coins into POOP and stakes them on BabySwap. BabySwap has exploded on CoinMarketCap, registering a growth of over 5635% and a staggering 24-hour trading volume of over 2.1M%. Just remember not to take this as financial advice. You should do your own research before investing because the crypto market is unpredictable and volatile.

While it may not be the beginning of a bull cycle just yet, a bull cycle is due any time now. As history has shown us, it’s not a matter of ‘if’ but ‘when.’ ETH is currently on an upward trajectory following the SEC’s decision, and it’s likely that the crypto market as a whole will follow suit. HODL (Hold on for Dear Life), the tides, they are a turning.