JPMorgan strategists wrote in a note to clients: “The listing of Ethereum futures on a regulated exchange should serve to enhance the crypto market structure. By allowing investors to gain exposure to the second most important cryptocurrency as a diversifier to bitcoin. Or for simply hedging existing Ethereum exposures,”
“It may be that this week’s listing of Ethereum futures contracts will be followed by negative price dynamics. By enabling some holders of physical Ethereum to hedge their exposures. A successful launch of Ethereum futures this month is likely to be followed by options on Ethereum futures, perhaps as early as 2022, in a similar manner to the launch of options on bitcoin futures in the first quarter of 2020”. They added.
Meanwhile, Ether might be facing few problems. The digital token could be affected by upgrading the affiliated Ethereum blockchain so it can process more transactions. The operation might make a shortage of tokens. Additionally, the introduction of futures might put the cryptocurrency to the same fate as Bitcoin.
