According to Odaily Planet Daily, analysts at QCP Capital said that the implied volatility (IV) of Ethereum options is currently higher than that of Bitcoin, indicating that traders expect Ethereum's price volatility to increase, which may be a response to the upcoming Ethereum spot ETF. The analyst further stated: "As the market waits for new demand for the spot Ethereum ETF, bullish sentiment may continue, and the options market will definitely reflect this. Ethereum trading volume (IV) is still 15% higher than Bitcoin trading volume."