According to Odaily, the U.S. Securities and Exchange Commission (SEC) has approved 19b-4 forms for eight spot ETH ETF issuers, including Blackrock and Fidelity. However, trading cannot commence until the S-1 forms are approved. The market is anticipating a significant event this week, with options trading volume reaching up to 185. Despite this, the disappointing price trend has caused the front-end volatility to drop below 60.
Although trading of the spot ETH ETF is now only a matter of time, it may take a while. As investors seize the opportunity to establish more ETH long positions, there has been a continuous demand for long-term ETH bullish options on the trading desk. This development indicates a positive outlook for the future of Ethereum, despite the current market volatility.