QCP Capital: ETH spot ETF's first-day performance fell short of expectations, but remains optimistic in the long term

2024-07-24 19:28:08

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ChainCatcher news, the crypto investment firm QCP Capital stated that the highly anticipated Ethereum spot ETF began trading last night; however, the expected market enthusiasm did not materialize. Ethereum's volatility has decreased across the entire term structure, and the premium of front-end Ethereum volatility over Bitcoin has finally reversed, with the trading prices of Bitcoin's 1-week and 2-week options now exceeding Ethereum by 1-3 points.

QCP Capital remains optimistic about Ethereum's prospects. Bitcoin reached an all-time high two months after the ETF launch, providing a strong precedent for this. Institutional investor interest is expected to persist, and Ethereum's price trajectory may gradually approach its previous all-time high. As the market stabilizes, Ethereum's volatility is expected to decrease before the weekend. With volatility still at moderate levels, implementing a cumulative strategy may be the best way to take advantage of this slow upward trend.

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