According to Odaily Planet Daily, QCP Capital said that despite the negative news about Mt.Gox and the DMM hack last week, the market remains stubbornly bullish. QCP Capital believes that the market continues to be bullish because the market is waiting for new demand from the Ethereum spot ETF. The options market reflects this, with Ethereum volatility still 15% higher than Bitcoin volatility. Another reason for continued bullishness is that speculators are increasing their long positions in anticipation of the approval of spot ETFs for other mainstream cryptocurrencies in the near future.