Following The SPDR Gold Shares ETF launch, Options followed as they will for BTC.
Below is a chart showing when this happened and the impact on Price.
Some comments about it in the thread below;  https://twitter.com/Cointelegraph/status/1858559757923348689

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On what basis did ANON attract Vitalik, Base founder Jesse, and Farcaster co-founder Dan Romero? And how did it drive <clanker>, <33bits>?

Where did ANON come from? Why did it attract Vitalik, Jesse, and Dan Romero?

The price of Ethereum rose today because it formed strong support around $3,000, and the upcoming "golden cross" may push the price to break through $4,000.

The native token of Ethereum, ETH, has been trading between $3,000 and $3,250 over the past seven days. Now, this largest Altcoin in the world is aiming to further rise towards the $4,000 target.

As shown in the chart, Ethereum has risen 9.65% in the past 24 hours, and has regained the 50-day exponential moving average (EMA) on the 4-hour chart, recovering the bullish trend. ETH is seeking...

Why is the Ethereum (ETH) price rising today?

MicroStrategy, the leading Bitcoin investment company, has just announced the completion of the issuance of $3 billion in 0% convertible bonds, an increase from the initial plan of $2.6 billion.

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MicroStrategy Completes $3 Billion Capital to Buy Bitcoin

Gold options on SPDR Gold Shares ETF (GLD) launched on June 2, 2008, creating new ways to hedge or speculate on gold prices.

GLD options increased trading volume and liquidity, making gold more attractive to institutions. Bid-ask spreads narrowed, boosting market efficiency.

Gold prices surged 16% from ~$870/oz in May 2008 to ~$1,011/oz by mid-July, driven by speculative activity around the options launch.

The launch coincided with the 2008 financial crisis, attracting safe-haven demand. Options helped institutions hedge risk, increasing allocations to gold.

Short-term impact: More volatility and speculative price swings. Long-term impact: Cemented gold’s status as a key hedge in diversified portfolios.

The GLD options launch offers lessons for Bitcoin ETFs: increased liquidity, speculative interest, and institutional adoption could drive price action.

Bitcoin options ETFs could follow gold’s path: higher liquidity, institutional inflows, and increased volatility short-term. Long-term? Greater adoption and a stronger case as a portfolio asset.