EtherETHAlthough it was close to its Oct. 21 all-time high of $4,380, the stock failed to surpass that mark by only a few dollars. According to some analysts including Scott Melker (an independent market analyst), approval of an exchange-traded funds (ETFs) is the next logical step 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. The Ether gain of 35% month-to-date caught the bears off guard.