ChainCatcher reported that QCP Capital, a Singapore-based crypto investment firm, said that as the end-of-quarter options expiration date approaches this Friday, the options market appears unusually calm, and the typical end-of-quarter volatility sell-off effect is beginning to emerge. Today, news shows that the ETH ETF is about to start trading:
VanEck has already filed Form 8-A, and it is worth noting that the same form for the Bitcoin ETF was filed exactly seven days before the launch.
VanEck subsequently announced that there would be no fees during the initial phase of its ETH ETF.
In addition, the ETH options market for July expiration has not shown much enthusiasm so far. If there is a major breakthrough in the approval process, it may surprise the market. QCP Capital also pointed out that ETH shows strong support levels at $3,200 and $2,800, especially the $2,800 support level, which has not been touched for more than four months.
