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Weekly cross-asset options report · BTC, ETH, SOL, XRP, HYPE, AVAX and TRX

Crypto options: ETH compared with XRP in 1w ATM IV

ETH minus XRP 1W ATM IV: +1.95 vol points; weekly spread change +10.56.

Published · By Sean Gordon / Derivasys Research · Window 17 Oct 2026–

Spot-index returns use validated exact seven-day endpoints for all assets. Surface changes use the stored weekly endpoints.

Snapshot data and comparison

Aligned native snapshot · 24 Oct 2026, 16:31 UTC

Generated timestamp:

Scheduled edition reference: 2026-10-24 16:31:00 UTC. Native observations below retain their actual fit times.

BTC comparison baseline → current snapshot
2026-10-17 16:31:00 UTC → 2026-10-24 16:31:00 UTC
BTC native fit age at scheduled reference
0 minutes
ETH comparison baseline → current snapshot
2026-10-17 16:31:00 UTC → 2026-10-24 16:31:00 UTC
ETH native fit age at scheduled reference
0 minutes
SOL comparison baseline → current snapshot
2026-10-17 16:31:00 UTC → 2026-10-24 16:31:00 UTC
SOL native fit age at scheduled reference
0 minutes
XRP comparison baseline → current snapshot
2026-10-17 16:31:00 UTC → 2026-10-24 16:31:00 UTC
XRP native fit age at scheduled reference
0 minutes
HYPE comparison baseline → current snapshot
2026-10-17 16:31:00 UTC → 2026-10-24 16:31:00 UTC
HYPE native fit age at scheduled reference
0 minutes
AVAX comparison baseline → current snapshot
2026-10-17 16:31:00 UTC → 2026-10-24 16:31:00 UTC
AVAX native fit age at scheduled reference
0 minutes
TRX comparison baseline → current snapshot
2026-10-17 16:41:00 UTC → 2026-10-24 16:31:00 UTC
TRX native fit age at scheduled reference
0 minutes

Changes use these stored market-snapshot baselines. The comparison baseline may differ from the snapshot used in the previous published edition.

  • BTCSpot-index 7D -2.02%1W ATM IV 36.64%1W RR25 -3.60 vol pts1W BF25 +2.00 vol pts1W IV − 7D RV +4.72 vol pts
  • ETHSpot-index 7D -4.56%1W ATM IV 55.02%1W RR25 -6.32 vol pts1W BF25 +3.60 vol pts1W IV − 7D RV +7.51 vol pts
  • SOLSpot-index 7D -3.61%1W ATM IV 55.07%1W RR25 -3.40 vol pts1W BF25 +3.22 vol pts1W IV − 7D RV +1.00 vol pts
  • XRPSpot-index 7D -1.82%1W ATM IV 53.07%1W RR25 -0.92 vol pts1W BF25 +4.08 vol pts1W IV − 7D RV -0.15 vol pts
  • HYPESpot-index 7D -4.45%1W ATM IV 58.51%1W RR25 -0.43 vol pts1W BF25 +2.65 vol pts1W IV − 7D RV -1.95 vol pts
  • AVAXSpot-index 7D -10.47%1W ATM IV 66.68%1W RR25 +1.09 vol pts1W BF25 +3.13 vol pts1W IV − 7D RV -1.92 vol pts
  • TRXSpot-index 7D -1.70%1W ATM IV 21.18%1W RR25 +0.87 vol pts1W BF25 +2.37 vol pts1W IV − 7D RV +10.14 vol pts

Lead weekly move: ETH 1W ATM IV Δ +9.02 vol pts → 55.02% · historical percentile Unavailable; XRP 1W ATM IV Δ -1.54 vol pts → 53.07% · historical percentile Unavailable.

1W ATM IV – selected tenor
Percent

1W ATM IV – selected tenor. Percent. ETH: Current 55.02, Previous 46.00; XRP: Current 53.07, Previous 54.61.CurrentPreviousETH55.0246.00XRP53.0754.610.0029.7159.42

Current: 24 Oct 2026, 16:31 UTC
Previous: 17 Oct 2026, 16:31 UTC

Crypto options: ETH compared with XRP in 1w ATM IV. ATM implied-volatility term structure from Derivasys data.
Source: Derivasys options data. ATM implied-volatility; unsupported tenors remain blank. Cite this report. Selected range endpoints; other constituents are not shown.

View full-size chart

Plotted chart data
ATM IV, percent · 2026-10-24T16:31:00+00:00
TenorETH currentETH previousXRP currentXRP previous
1W55.0246.0053.0754.61
2W54.4247.8856.2654.89
1M51.7349.0754.9855.24
3M52.4250.59UnavailableUnavailable
6M53.0051.94UnavailableUnavailable
9M53.4552.83UnavailableUnavailable
1YUnavailableUnavailableUnavailableUnavailable
Chart download and reuse termsDownload 1280 × 720 chart · Reuse terms

Market context · weekly observation window

Market context

Combined market read unavailable: the native comparison endpoints are incomplete or misaligned.

Previous report, watch levels and methodology

One-week surface context; the published headline retains its original evidence basis. Cutoffs 17 Oct, 16:31 UTC to 24 Oct, 16:31 UTC.

Measured change since prior report

Prior comparison unavailable: matching asset, cadence and adjacent observation endpoints were not verified.

A structured watchlist was not recorded or could not be verified in the prior edition; prior-watch outcomes remain unavailable.

Next weekly cutoff: measurable checks

Measurable watch unavailable: no valid nonzero surface move has comparable endpoints.

Measurement basis and receipt

These are observed-level conditions for the next aligned cutoff, with no forecast or trade action. Spot uses exact index endpoints where available; ATM IV is quoted in percent and its change, RR25 and BF25 in volatility points. Stored editorial receipt independently reconstructed against native endpoints.

Canonical current report JSON · SHA-256 082d31c4369ff8b94910605b4851bfa878128e717d2c7247561b846d03f684b7

Consumed endpoint proof: aacedec54dbdebefa2b5a34727dc932df7d4c97f469bdb623d2414d842d64828

    Chart notes
    Technical appendix: measurement and history provenance

    Download the full canonical report and evidence receipts (JSON). Artifact SHA-256: 082d31c4369ff8b94910605b4851bfa878128e717d2c7247561b846d03f684b7.

    01 · Weekly briefing

    The week’s relative-value signal.

    ETH 1W ATM IV changed by +9.02 volatility points, compared with XRP 1W ATM IV which changed by -1.54 volatility points.

    02 · Options market read

    Dispersion at the common cutoff.

    One-week ATM IV changes ranged from -1.54 vol pts in XRP to +9.02 vol pts in ETH, a 10.56-point spread.

    One-week ATM IV levels spanned 30.04 volatility points, with AVAX highest and BTC lowest.

    03 · Catalyst check

    Relevant context retained.

    The central research dossier identified events relevant to the covered options markets; they are retained as context rather than assigned as causes.

    Other asset and market reporting

    1. 01
    2. 02
    3. 03

    04 · Cross-asset scorecard

    Implied volatility, realised volatility and skew.

    Asset1W ATMWeekly ATM Δ7d RV1W IV − 7d RV1W RR25Weekly RR25 Δ1W BF25
    BTC36.64%+5.28 vol pts31.92%+4.72 vol pts-3.60 vol pts+0.86 vol pts2.00 vol pts
    ETH55.02%+9.02 vol pts47.51%+7.51 vol pts-6.32 vol pts-1.57 vol pts3.60 vol pts
    SOL55.07%+1.43 vol pts54.07%+1.00 vol pts-3.40 vol pts+0.02 vol pts3.22 vol pts
    XRP53.07%-1.54 vol pts53.22%-0.15 vol pts-0.92 vol pts+0.22 vol pts4.08 vol pts
    HYPE58.51%+7.67 vol pts60.46%-1.95 vol pts-0.43 vol pts+0.70 vol pts2.65 vol pts
    AVAX66.68%+4.41 vol pts68.60%-1.92 vol pts+1.09 vol pts+3.12 vol pts3.13 vol pts
    TRX21.18%-0.25 vol pts11.04%+10.14 vol pts+0.87 vol pts-4.23 vol pts2.37 vol pts

    05 · Relative-value rankings

    Leaders and laggards at the common cutoff.

    The recorded endpoint cohort contains 6 of 7 reported assets with matching current and previous endpoint clocks: 17 Oct 2026, 16:31 UTC to 24 Oct 2026, 16:31 UTC. Aligned assets: BTC, ETH, SOL, XRP, HYPE, AVAX.

    The published headline is retained as written. Fit labels describe fit quality; they do not establish research eligibility.

    Comparison and headline eligibility by asset
    AssetFit acceptanceNative windowCommon cutoffHistoryHeadline
    BTCFit acceptance not recordedAvailableIncluded in shared endpoint cohort (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:31 UTC)History is assessed separately for each metric.Eligible
    ETHFit acceptance not recordedAvailableIncluded in shared endpoint cohort (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:31 UTC)History is assessed separately for each metric.Eligible
    SOLFit acceptance not recordedAvailableIncluded in shared endpoint cohort (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:31 UTC)History is assessed separately for each metric.Eligible
    XRPFit acceptance not recordedAvailableIncluded in shared endpoint cohort (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:31 UTC)History is assessed separately for each metric.Eligible
    HYPEFit acceptance not recordedAvailableIncluded in shared endpoint cohort (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:31 UTC)History is assessed separately for each metric.Eligible
    AVAXFit acceptance not recordedAvailableIncluded in shared endpoint cohort (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:31 UTC)History is assessed separately for each metric.Eligible
    TRXFit acceptance not recordedAvailableExcluded — Snapshot times differ from the shared comparison window. (current 24 Oct 2026, 16:31 UTC; previous 17 Oct 2026, 16:41 UTC)History is assessed separately for each metric.Excluded — Snapshot times differ from the shared comparison window.
    Assets excluded from common-cutoff weekly rankings
    AssetRecorded current endpointRecorded previous endpointReason
    TRX24 Oct 2026, 16:31 UTC17 Oct 2026, 16:41 UTCcurrent and previous endpoint clocks differ from the largest aligned group
    Verified receipt rankings for the eligible common-cutoff cohort
    Metric1st2nd3rd
    1W ATM IV levelAVAX · +66.68HYPE · +58.51SOL · +55.07
    Weekly 1W ATM IV changeETH · +9.02HYPE · +7.67BTC · +5.28
    Largest absolute 1W ATM IV moveETH · +9.02HYPE · +7.67BTC · +5.28
    1W IV minus 7d realisedETH · +7.51BTC · +4.72SOL · +1.00
    Highest 1W RR25AVAX · +1.09HYPE · -0.43XRP · -0.92
    Lowest 1W RR25ETH · -6.32BTC · -3.60SOL · -3.40
    7d forward-proxy returnXRP · -1.55SOL · -3.80HYPE · -4.32

    ETH has the highest 1W IV-minus-7D-RV spread at +7.51 vol points; HYPE has the lowest at -1.95 vol points. The range between these spreads is 9.46 vol points.

    06 · Term structures

    Supported ATM tenors only.

    Asset1W ATM / Δ1M ATM / Δ3M ATM / Δ6M ATM / Δ
    BTC36.64% / +5.2837.19% / +1.4337.79% / +1.1238.37% / +0.68
    ETH55.02% / +9.0251.73% / +2.6652.42% / +1.8353.00% / +1.06
    SOL55.07% / +1.4351.66% / -3.02UnavailableUnavailable
    XRP53.07% / -1.5454.98% / -0.26UnavailableUnavailable
    HYPE58.51% / +7.6757.71% / +2.41UnavailableUnavailable
    AVAX66.68% / +4.4166.66% / +4.04UnavailableUnavailable
    TRX21.18% / -0.2521.39% / +4.94UnavailableUnavailable

    Unbracketed standard tenors are unavailable; the page does not display extrapolated surface values.

    Evidence, source data and methodology
    Original report summary

    The 1W ATM IV comparison shows ETH changed by +9.02 volatility points, compared with XRP which changed by -1.54 volatility points.

    Data quality · 7d realised volatility

    All assets have a recorded maximum-gap limit of 60 minutes. Availability and option-tenor support are separate checks.

    AssetRV availabilityCoverage statusObserved coverageMinimum coverageLargest gapGap limit
    BTCAvailablecomplete100.00%97%0 min60 min
    ETHAvailablecomplete100.00%99.5%0 min60 min
    SOLAvailablecomplete100.00%99.5%0 min60 min
    XRPAvailablecomplete100.00%99.5%0 min60 min
    HYPEAvailablecomplete100.00%99.5%0 min60 min
    AVAXAvailablecomplete100.00%99.5%0 min60 min
    TRXAvailablecomplete100.00%99.5%0 min60 min

    07 · Methodology

    Aligned, availability-aware weekly evidence.

    Latest successful snapshot at or before the common cutoff versus the nearest successful snapshot seven days earlier, within a three-hour tolerance.

    Standard-tenor values are published only when listed expiries bracket the target on both endpoints; extrapolated values are suppressed.

    Seven-day performance uses the nearest eligible listed forward available at both endpoints.

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