Ethereum Options Open Interest Soars 315% — Are Institutions Bullish?

[Tanimariya]

Open interest on Ethereum options contracts surged 315% to $158 million, but are investors using derivatives for bullish or bearish positions?
Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction.

Open interest is the main gauge for derivative contracts activity, and on Ether options it has soared by 315% over the past two months to $158 million.

This surge in OI has many retail investors issuing bullish calls for Ether’s future price but it's important that participants take a deeper look behind the numbers.
Read more info: https://cointelegraph.com/news/ethereum-options-open-interest-soars-315-are-institutions-bullish