According to Odaily, Greeks.live analyst Adam he was announced on X that the ETH ETF will be launched next Tuesday. This positive news has led to an 8% increase in ETH, significantly boosting the entire cryptocurrency market. The substantial price rise has also caused an increase in implied volatility (IV) across various terms. Notably, BTC's implied volatility has risen even more than ETH's, although both remain relatively low.
Throughout this month, multiple tweets have highlighted that positive developments for ETH would stimulate the market. The current low IV environment is highly favorable for buyers, and despite the recent increases, option IV remains relatively low, making it a cost-effective time for buyers. Today, several end-of-day call options have surged by over 1000%, with the majority of transactions being proactive call option purchases, accounting for more than half of the trading volume.