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The US SEC finally approved options trading for $ETH ETFs, potentially paving the way for new crypto to explode in the upcoming bull cycle.
The SEC published the announcement in their latest Notice of Filing on April 9, almost a year after the proposal was submitted on July 22, 2024.
Why SEC’s Ruling is Likely to Cause Ripples in the Crypto Market
The most obvious reason why SEC’s recent filing is likely to rally the markets is that options trading allows for speculation on $ETH’s price movement and comes with leveraged gains.
Options trading isn’t necessarily a wealth-building strategy when targeting volatile and unpredictable assets, but $ETH is the second-largest crypto coin by market capitalization and the absolute largest in terms of utility.
Being able to speculate on $ETH’s price movement with leveraged positions and advanced trading strategies like buffered exposure is likely to increase investor confidence and lead to even more public adoption.
The first signs are already here, with the SEC’s decision pushing $ETH’s cumulative net inflow by $2.31B between 10 and 11 April, according to SoSoValue:
The president of The ETF Store, Nate Geraci declared on X that we should expect to see a lot of options-based trading tools coming out soon.
James Seyffart, Bloomberg ETF analyst, shared Geraci’s excitement and called SEC’s ruling ‘100% expected.’
So, what does this mean for $ETH’s chart journey? It’s undeniable that the Ethereum market has been in the red for quite a while now. The asset shed almost $170B in market value in the first quarter of 2025 alone.
This caused Standard Chartered analysts to slash their 2025 price target for $ETH by 60%, from $10,000 to $4,000.
Grim context, but glance past the surface and things begin to look a little different, especially with the Senate confirming pro-crypto Paul Atkins as SEC’s new Chairman with a 52-44 vote on April 10.
For a final nail in the coffin of the anti-crypto policy bubble, the SEC also dismissed the Nova Labs case for alleged security violations. Nova Labs is the company behind the Helium network.
Helium announced the news in a blog post where they called the decision ‘a win for Helium and the people.’ Interestingly, $HNT surged by 6% following the post.
Even more hopeful is $ETH’s hint at a bullish race after gaining some 11% between April 9 and April 11, according to CoinMarketCap:
This news could have sizable implications for the crypto market, especially on ERC-20 altcoins, like the three exciting new crypto coins we’ll unpack below.
1. Solaxy ($SOLX) – Solana Layer 2 Upgrade Offers Lower Fees and Improved Chain Performance
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 $30M so far. The price of one $SOLX currently stands at $0.00169, and its price is expected to increase exponentially post-launch, given Solana’s popularity and Solaxy’s utility.
The dynamic staking rewards are currently at 137% and will drop as more people join the staking pool; if you want to join the bandwagon, do it now.
Solaxy is currently one of the few meme coins with a clear and explicit utility within Solana’s ecosystem, as detailed in the whitepaper.
If you’ve decided to invest, check out our how-to-buy guide today.
2. BTC Bull Token ($BTCBULL) – Bitcoin’s Unofficial Meme Coin Offering $BTC Airdrops
BTC Bull Token ($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. And, as $BTC grows, $BTCBULL grows, thanks to how the project links the two coins’ fates.
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 $4.5M 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. You can check our ‘How to buy $BTCBULL’ guide today if you don’t want to miss out.
3. BabySwap ($BABY) – Automated Market Maker Trading for You
BabySwap ($BABY) is an automated market maker (AMM) that does all the hard work for you. No need to visit CEXs 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%.
If this isn’t an investment window, we don’t know what is.
Just remember not to take this as financial advice. You should DYOR (Do Your Own Research) before investing because the crypto market is unpredictable and volatile.
Are We Experiencing the Beginning of a Bull Cycle?
Maybe not quite yet, but 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 more-than-welcome decision, and it’s likely that crypto market as a whole will follow suit.
HODL (Hold on for Dear Life), the tides, they are a turning.
