According to Wu, QCP Capital Analysis pointed out that the U.S. Securities and Exchange Commission (SEC) approved the 19b-4 forms of eight spot Ethereum ETF issuers yesterday, but the transaction needs to wait for the approval of the S-1 form. The market originally expected a big move this week, but the actual price performance was disappointing, causing the front-end volatility to collapse below 60. The trading desk has been seeing continued demand for long Ethereum call options, and investors can use the time window to accumulate Ethereum spot before the ETF is officially launched.
