The ETH ETF will be launched next Tuesday

The ETH ETF will be launched next Tuesday, and fueled by the positive news, ETH rose 8%, driving the entire crypto market significantly higher.
The sharp rise in cryptocurrency prices drove IVs of all terms to rise in tandem as well, with BTC implied volatility rising even more than ETH, but both are still at relatively low levels. We have mentioned several times in our tweets this month that a favorable ETH would give the market a boost and that a low IV market is perfect for buyers, and now that option IVs are still low, buyers are still getting better value for their money.
There were multiple daily call options up over 1,000% today, and major trading throughout the day was also dominated by active call buying, which accounted for over half of the volume.
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