ChainCatcher news, Matrixport published a post saying that Ethereum (ETH) futures positions show 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 the spot price has not yet reflected this sentiment, market sentiment remains bullish and this may not trigger a "sell the news" event.