According to Foresight News, according to The Block, an analyst said that as people are optimistic about the approval of potential Ethereum spot ETFs, the Ethereum options market is currently more expensive than put options for all expiration dates, indicating the bullish sentiment in the market. Deribit CEO Luuk Strijers said, "The deviation between put options and call options is negative on all expiration dates, and it has increased further after the expiration date at the end of June, which is a fairly bullish signal; the basis has also increased to an annualized rate of about 14%, which is another bullish indicator."