According to Wu, QCP Capital Analysis pointed out that the first week of trading of the ETH spot ETF performed similarly to the launch of the BTC spot ETF. Grayscale's high fee of 2.5% led to capital outflows, and the crypto market staged "buy expectations and sell facts". There was a lack of positive reaction after the event, and investors quickly withdrew. Factors that prevented the ETF market from rising include ETH's abstractness to the traditional financial community, which takes time to accept, and the lack of staking functions, which reduced investor interest. This week, BTC stole the limelight in the options market, and everyone was paying attention to Trump's speech at the Bitcoin Conference on Sunday. The options market is expected to make a big move, with implied volatility pricing at 85, almost twice the realized volatility. The big funds have made an upward layout for positions expiring on the 2nd, and Trump's speech and the dovish FOMC meeting are expected to bring breakthrough market conditions.