Greeks.live: Crypto market rises significantly, spurred by positive ETH ETF, but option IV remains low

Greeks.live analyst Adam posted on X that the ETH ETF will be launched next Tuesday. Stimulated by the good news, ETH rose 8%, driving the entire crypto market to rise significantly. The sharp rise in currency prices has driven the IV of each term to rise simultaneously. The increase in BTC's implied volatility has even exceeded that of ETH, but both are still at relatively low levels. We have mentioned many times in our tweets this month that the positive ETH will bring excitement to the market, and the low IV market is very suitable for buyers. Now the option IV is still low, and the buyer's price/performance ratio is still high. Today, there are multiple doomsday call options that have increased by more than 1,000%, and the main transactions throughout the day are mainly active buying of call options, accounting for more than half of the trading volume.