QCP Capital: The market did not respond enthusiastically to the ETH ETF as expected, but still holds an optimistic outlook for the future of ETH

PANews reported on July 24 that Singapore's crypto investment firm QCP Capital announced the highly anticipated Ethereum spot ETF began trading last night. However, the expected market enthusiasm did not materialize. Ethereum's volatility has fallen across the term structure, and for the first time, the premium of front-end Ethereum over Bitcoin volatility has reversed. Now, Bitcoin's one-week and two-week option trading prices are 1-3 points higher than Ethereum’s. On its first day of trading, the net inflow of funds into the Ethereum spot ETF was $107 million USD while Bitcoin had a net inflow of $655 million USD mainly due to ETHE having an outflow of $484 million USD. QCP Capital expressed optimism about Ethereum's prospects. Two months after launching its ETF, Bitcoin hit a record high setting a strong precedent. Institutional investor interest is expected to continue with Ethereum’s price trajectory potentially gradually approaching its previous historical highs as markets stabilize before this weekend when it is predicted that Etherum’s volatility will decrease further . Given that volatility remains at moderate levels implementing an accumulation strategy may be considered as best way to take advantage of this slow upward trend.