TechFlow news: On June 26, Singapore-based crypto investment firm QCP Capital stated that as the quarterly options expiry date approaches this Friday, the options market appears abnormally calm, with the typical end-of-quarter volatility crush effect beginning to emerge.
Today, news emerged indicating that ETH ETFs (Ethereum exchange-traded funds) are nearing launch:
1. VanEck has filed its Form 8-A; notably, the same form for Bitcoin ETFs was submitted exactly seven days prior to their launch.
2. VanEck subsequently announced it will charge zero fees during the initial phase of its ETH ETF.
In addition, the July-expiring ETH options market has so far shown little enthusiasm. A significant breakthrough in the approval process could potentially surprise the market.
QCP Capital also noted that ETH shows strong support levels at $3,200 and $2,800, with the $2,800 support level remaining untouched for over four months.
