Ether (ETHAlthough it was close to its Oct. 21 all-time high of $4,380 (on Oct. 21), the stock failed to break that mark by only a few bucks. Scott Melker, an independent market analyst, believes that approval for exchange-traded funds is the next logical move by the U.S. Securities and Exchange Commission.

Even though Ether bulls may be disappointed, the possibility of a $78million profit when Oct. 22’s options expire is likely. Ether’s 35% monthly gain was apparently too much for bears.