QCP Capital: The performance of ETH has been poor since the launch of the Ethereum spot ETF, which may be affected by factors such as the lack of staking.

QCP Capital Analysis pointed out that the first week of trading of the ETH spot ETF performed similarly to the launch of the BTC spot ETF. The reasons include the outflow of funds caused by Grayscale's high fee of 2.5%. In addition, the crypto market staged "buy expectations and sell facts", and investors quickly withdrew due to the lack of positive reactions after the event. Factors that prevented the ETF market from rising include ETH's abstractness to the traditional financial community, which requires time to accept, and the lack of staking functions, which reduced investor interest. This week, BTC stole the limelight in the options market, and everyone was paying attention to Trump's speech at the Bitcoin Conference on Sunday. The options market is expected to make a big move, with the implied volatility pricing at 85, almost twice the realized volatility. The big funds have made an upward layout for positions expiring on the 2nd, and Trump's speech and the dovish FOMC meeting are expected to bring breakthrough market conditions.