Leading cryptocurrency Bitcoin is trading sideways, just above $110,000, but altcoins have moved higher. The difference between Bitcoin and altcoins is also reflected in the options market, with options data pointing to a decline for Bitcoin (BTC) and Ethereum (ETH) and an increase for XRP and Solana (SOL). According to CoinDesk, options data points to a bearish outlook for BTC and ETH, while offering a bullish outlook for XRP and SOL. Optimism in XRP stems from rising expectations for spot XRP ETF approval in the US, which has led options traders to anticipate a rise in the XRP price. According to the data, Deribit XRP call options are trading at higher prices than put options on all expiration dates, with December call options showing the highest premium over put options. Expectations for spot XRP ETF approval in the US are rising. The SEC could approve multiple XRP ETFs simultaneously in late October. This increased optimism has also been reflected in the options market, with further price appreciation expected. “If approved, an XRP ETF could generate over $5 billion in the first month and the XRP price could reach $50 by the end of the year,” said Pimpious, a prominent XRP supporter. Beyond XRP, there's also a positive price outlook for Solana (SOL). SOL options have also trended upward, with December call options trading at a higher premium than put options. It was stated that Solana's optimism stemmed from the recently approved Alpenglow update. Bitget chief analyst Ryan Lee described the Alpenglow update as a defining moment for the SOL network and stated that it will reflect positively on the price. According to Deribit data, put options are more prevalent in Bitcoin and Ethereum. Even in BTC, put options are priced higher in March 2026 expiration trades. Ethereum-linked options are also trending towards selling options until the December expiration date. *This is not investment advice. Continue Reading: Options Traders Are Bearish on Bitcoin (BTC) and Etheruem (ETH), But Bullish on These Two Altcoins! Here's Why!
