Odaily Planet Daily News: With the Ethereum spot ETF about to be listed, investors have flocked to the options market to hedge or protect existing market positions from price fluctuations. According to data from Deribit and Kaiko, implied volatility (IV) has risen in different time frames. This shows that there is an increase in demand for options or derivatives that protect against price fluctuations. Hedging activities are more obvious in short-term contracts, and the implied volatility determined by the options contracts expiring on July 19 relative to those expiring on July 26 has been relatively high recently. According to Kaiko data, the IV expiring on July 19 rose from 53% last Saturday to 62% on Monday, exceeding the IV expiring on July 26. "The increase in contract IV on July 19 suggests that traders are willing to pay higher prices to hedge existing positions and protect against large price swings in the short term," Kaiko analysts said in Monday's edition of the briefing. "The recent spike in contract IV suggests a degree of uncertainty among traders." Traders also expect Ethereum's volatility to increase relative to Bitcoin. According to Amberdata, the average spread between the 30-day Ethereum and Bitcoin implied volatility indexes (BTC DVOL and ETH DVOL) on Deribit has been around 10% since late May, significantly higher than the 5% in the first quarter. (CoinDesk)