Odaily星球日报讯 QCP Capital 最新报告指出，市场对以太坊现货 ETF 发布的反应较为平淡，投资者在观察是否会出现“炒作买入，消息卖出”的模式。相比之下，比特币在 ETF 发布后曾跌至 38,000 美元，但在两个月后突破历史新高。 此外，美国政府今晨向 Coinbase 转移了 58.742 BTC，目前持有总计 213,239 BTC（约合 142 亿美元）。Mt Gox 也将约 47,600 BTC 转移至其他钱包，包括 Bitstamp。受到美国政府和 Mt Gox 新闻的影响，期权市场似乎预计近期将有更多下行走势。 由于 ETH 现货 ETF 可能不会立即影响价格，加上美国政府和 Mt Gox 的潜在抛售压力，现货价格可能会保持低迷，直到动能在选举前积累。

Odaily星球日报讯 QCP Capital 最新报告指出，市场对以太坊现货 ETF 发布的反应较为平淡，投资者在观察是否会出现“炒作买入，消息卖出”的模式。相比之下，比特币在 ETF 发布后曾跌至 38,000 美元，但在两个月后突破历史新高。此外，美国政府今晨向 Coinbase 转移了 58.742 BTC，目前持有总计 213,239 BTC（约合 142 亿美元）。Mt Gox 也将约 47,600 BTC 转移至其他钱包，包括 Bitstamp。受到美国政府和 Mt Gox 新闻的影响，期权市场似乎预计近期将有更多下行走势。由于 ETH 现货 ETF 可能不会立即影响价格，加上美国政府和 Mt Gox 的潜在抛售压力，现货价格可能会保持低迷，直到动能在选举前积累。

QCP Capital：市场对以太坊现货 ETF 发布反应平淡，期权市场预计近期有下行走势

Odaily Odaily News QCP Capital's latest report pointed out that the market's reaction to the release of the Ethereum spot ETF was relatively flat, and investors were watching whether a "buy on hype, sell on news" pattern would emerge. In contrast, Bitcoin fell to $38,000 after the release of the ETF, but broke through its all-time high two months later. In addition, the US government transferred 58.742 BTC to Coinbase this morning, and currently holds a total of 213,239 BTC (about $14.2 billion). Mt Gox also transferred about 47,600 BTC to other wallets, including Bitstamp. Affected by the news from the US government and Mt Gox, the options market seems to expect more downward movement in the near term. Since the ETH spot ETF may not affect prices immediately, coupled with potential selling pressure from the US government and Mt Gox, spot prices may remain sluggish until momentum accumulates before the election.

Odaily Odaily News QCP Capital&#39;s latest report pointed out that the market&#39;s reaction to the release of the Ethereum spot ETF was relatively flat, and investors were watching whether a &quot;buy on hype, sell on news&quot; pattern would emerge. In contrast, Bitcoin fell to $38,000 after the release of the ETF, but broke through its all-time high two months later. In addition, the US government transferred 58.742 BTC to Coinbase this morning, and currently holds a total of 213,239 BTC (about $14.2 billion). Mt Gox also transferred about 47,600 BTC to other wallets, including Bitstamp. Affected by the news from the US government and Mt Gox, the options market seems to expect more downward movement in the near term. Since the ETH spot ETF may not affect prices immediately, coupled with potential selling pressure from the US government and Mt Gox, spot prices may remain sluggish until momentum accumulates before the election.

QCP Capital: The market has a lukewarm reaction to the launch of the Ethereum spot ETF, and the options market is expected to have a downward trend in the near future

PANews reported on July 22 that according to The Block, derivatives market participants expect Ethereum volatility to be high this week because the spot Ethereum ETF will begin trading on Tuesday. An analyst predicts that Ethereum may see selling pressure on the day the spot Ethereum ETF is listed, and then the price will gradually recover. On Friday, the Chicago Board Options Exchange confirmed that several spot Ethereum exchange-traded funds from fund managers such as Fidelity Funds, Franklin Templeton Funds and VanEck will begin trading on Tuesday, July 23. In view of this, Ethereum options open interest reflects that the market expects the price volatility of the digital asset to rise. For example, according to Deribit data, the implied volatility of Ethereum options has risen from 56% to 70% in the past week.
According to BRN analyst Valentin Fournier, the price of Ethereum could fall immediately after the spot Ethereum exchange-traded fund begins trading. "Ethereum is likely to face significant selling pressure at the start of the week, and the launch of the ETF may not immediately offset that pressure," Fournier said. This prediction is consistent with the distribution of open interest in front-end Ethereum options, with the ratio of put options to call options surging to 1.45, according to Deribit data. This indicates that there are more put options relative to call options, suggesting that traders are expecting an immediate drop or that they are looking to hedge against a price drop. In the long term, Fournier expects the price of Ethereum to fall to between $2,800 and $3,100 before rebounding to around $4,000, due to the impact of gradually growing demand for spot exchange-traded funds.

Analyst: Ethereum may face selling pressure after ETF listing as implied volatility surges

“We tend to be long BTC and short ETH.”

10x Research: How will ETH prices move in the post-ETF era?

The market price recovery has been completed and further increases are ready to take place.