Cointelegraph reports that the ETH ETF began trading at 9:30 PM tonight. The current End of IV index is already at 80%, a value far exceeding the recent average of approximately 60%. From the distribution of market transactions, active buying options account for nearly half of the daily volume, indicating an optimistic view of the market's future by investors. Additionally, Skew indicators also slightly favor a bullish position, suggesting that today's option market has seen a dominant force of bulls with a strong bullish sentiment. However, it is worth noting that when the Bitcoin ETF was listed, the market had experienced a drop due to a large amount of selling. In contrast to this, today's bullish strength seems weaker compared to the period when the Bitcoin ETF was listed. Interestingly, market activity has been concentrated in the Bitcoin sector, particularly with over 5,000 deep out-of-the-money call options being traded. Conversely, Ether has focused more on the book trading area, with market makers actively adjusting their holding strategies during periods of market activity.