ChainCatcher news, Singaporean crypto investment firm QCP Capital stated that as the quarterly options expiration date approaches this Friday, the options market appears unusually calm, and the typical end-of-quarter volatility sell-off effect is beginning to show. Today, there are reports that ETH ETFs are about to start trading:VanEck has submitted the 8-A form, notably, the same form for the Bitcoin ETF was submitted exactly 7 days before its issuance.VanEck subsequently announced that it will waive any fees during the initial phase of its ETH ETF.In addition, the ETH options market expiring in July has not shown much enthusiasm so far. A significant breakthrough in the approval process could surprise the market. QCP Capital also pointed out that ETH shows strong support levels at $3,200 and $2,800, especially the $2,800 support level, which has not been touched for over four months.

ChainCatcher news, according to The Block, in June, the Chicago Mercantile Exchange (CME) Ethereum options market open interest reached $254 million, a record high; CME Bitcoin open interest was $1.59 billion, close to its all-time high.In addition, Ethereum options trading volume decreased in June, but has been steadily increasing for most of this year, rising from $84 million in January to a peak of $334 million in May. Bitcoin options prices rose for the third consecutive month in June, but still declined from the peak in March. (source link)