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Key derivatives metrics reveal that sophisticated traders have turned their attention from bitcoin (BTC) to ether (ETH), a cryptocurrency with a bond-like appeal, and an ESG compliant label. However, ether has lagged behind, only gaining 35% according to CoinDesk’s data. Bitcoin’s performance is more pronounced over longer time periods, with a 163% gain year-to date compared to ether’s only 89%.

IBM has released an encryption technology to handle digital assets stored in cold storage. This reduces the risks of manual procedures, while also keeping assets away from internet connections. In a Tuesday statement, the tech giant stated that its IBM Hyper Protect Offline signing Orchestrator OSO helps protect high value transactions by providing additional security layers. These include disconnected network operations and time-based security, as well as electronic transaction approval by several stakeholders. IBM has applied its gravitas to key management in recent years. This includes its confidential computing suite, which is used for digital assets and cryptocurrency.

The filings indicate that both parties are “working hard to iron things out,” Bloomberg Intelligence’s James Seyffart wrote on X. James Seyffart of Bloomberg Intelligence posted about the filings. They indicate that both parties “are working hard to iron out things,” he wrote . He said that the 11 other applicants, such as Fidelity Franklin and WisdomTree will likely follow suit with their own amendments.

Chart of the Day

  • Chart showing the most popular bitcoin options over the last 24 hours.
  • Calls have been traded the most, but some traders have also traded puts between $41,500 and $41,500.
  • The flow is consistent with option skew. This shows that traders are trying to protect themselves against a possible price decline.
  • Source: Velo Data

– Omkar Godbole

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Sheldon Reback is the editor.