[Analyst: Ethereum ETF may face selling pressure after listing due to soaring implied volatility] Golden Finance reported that the Chicago Board Options Exchange confirmed that several Ethereum spot exchange-traded funds from fund management companies such as Fidelity, Franklin Templeton and VanEck will begin trading on July 23. In view of this, the open interest of Ethereum options reflects the market's expectation that the price volatility of the digital asset will intensify. According to Deribit data, the implied volatility of Ethereum options has risen from 56% to 70% in the past week. BRN analyst Valentin Fournier said that the price of Ethereum may fall immediately after the launch of Ethereum ETF spot trading. Ethereum may face huge selling pressure at the beginning of this week, and the launch of the ETF may not be able to offset this pressure immediately. According to Deribit data, this prediction is consistent with the distribution of open interest contracts of front-end Ethereum options, among which the put/call ratio has soared to 1.45. This shows that the number of put options is higher than that of call options, indicating that traders expect an immediate decline or are seeking to hedge against price declines.

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