Using Options To Place Bets On Ether PricesIn the days and weeks before the Merge, fund managers loaded up on options on ether tokens, the native cryptocurrency of the Ethereum blockchain. Via those options trades, they placed bets on volatility or protected their funds against sudden moves leading up to the Merge. Q2 2022 hedge fund letters, conferences and more Crypto enthusiasts had been waiting for the Merge for years. The move from proof-of-work to proof-of-stake made the Ethereum blockchain more efficient by validating transactions via users who staked their tokens rather than astronomic…