Matrixport: ETH futures long positions increased to 3.1 million ETH, which may indicate that Ethereum ETF will be approved soon

CoinVoice recently learned that Matrixport published an article stating that Ethereum (ETH) futures positions showed a bullish trend. Despite the price correction, ETH futures long positions have increased from 2.7 million ETH to 3.1 million ETH since the market rose on May 20. This shows that futures traders expect the Ethereum ETF to be approved soon.

Even if spot prices do not reflect this sentiment yet, market sentiment remains bullish and this may not trigger a "sell the news" event this time. [Original link]