QCP Capital, a Singapore-based crypto investment firm, said in a post that as the end-of-quarter options expiration date approaches this Friday, the options market is noticeably calm, and the typical end-of-quarter volatility sell-off is in effect. Some discussions have emerged today suggesting that the ETH ETF (Ethereum Exchange Traded Fund) is about to start trading: 1. VanEck has submitted their 8-A form, and it is worth noting that the same form for the Bitcoin ETF was submitted exactly 7 days in advance before the issuance. 2. VanEck subsequently announced that no fees will be charged in the initial phase of their ETH ETF. In addition, the ETH options market, especially for July expiration, has not shown much enthusiasm so far. If there is a major breakthrough in the approval process, it may surprise the market. QCP Capital also said that ETH shows strong support levels at $3,200 and $2,800, especially the latter, which has not been touched for more than four months.
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