"Understanding Bitcoin ETFs: Lessons from Debut, Costs, and Predictions"

The debut of Bitcoin spot ETFs has led to a crash in implied volatility, serving as a lesson for speculators eyeing an Ether ETF. Traders are advised to monitor options pricing for clues on Ether's potential performance ahead of and following a potential ETF launch. The crash in Bitcoin's implied volatility post-ETF approval highlights the risk of holding a long volatility exposure on the day of the announcement, suggesting a potential strategy shift for Ether traders. Several firms have filed applications for spot Ether ETFs, with potential approval deadlines in May and August.