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Open interest in Ethereum futures surpasses $15.6 billion for the first time
-- On May 23, open interest in Ethereum futures reached a record $15.65 billion.
-- This is a new all-time high.
-- The uptrend in the asset began on May 19 ahead of the potential approval of spot Ethereum-ETFs in the United States.
On May 23, 2024, open interest (OI) in Ethereum futures hit an all-time high. This figure approached the $15.65 billion mark for the first time, according to CoinGlass.
Open interest measures the total volume of futures contracts yet to be closed. A rise in OI indicates an increase in the number of market participants opening new positions.
Since the beginning of 2024, open interest in Ethereum futures has grown by nearly 70%. The growth in performance has been accompanied by a positive funding rate, which is 0.014% at the time of writing.
The record holders in terms of OI to Ethereum futures are crypto exchanges Binance and Bybit - $6.39 billion and $3.56 billion respectively.
Note that the growth of open interest occurred in parallel with the increase in the price of Ethereum. On May 23, the price of the asset crossed $3900 amid positive expectations around the potential approval of spot Ethereum-ETFs by the U.S. Securities and Exchange Commission (SEC).
QCP Capital predicted Ethereum's growth by 60% after the approval of spot ETFs based on the asset.
Open interest in Ethereum futures surpasses $15.6 billion for the first time
-- On May 23, open interest in Ethereum futures reached a record $15.65 billion.
-- This is a new all-time high.
-- The uptrend in the asset began on May 19 ahead of the potential approval of spot Ethereum-ETFs in the United States.
On May 23, 2024, open interest (OI) in Ethereum futures hit an all-time high. This figure approached the $15.65 billion mark for the first time, according to CoinGlass.
Open interest measures the total volume of futures contracts yet to be closed. A rise in OI indicates an increase in the number of market participants opening new positions.
Since the beginning of 2024, open interest in Ethereum futures has grown by nearly 70%. The growth in performance has been accompanied by a positive funding rate, which is 0.014% at the time of writing.
The record holders in terms of OI to Ethereum futures are crypto exchanges Binance and Bybit - $6.39 billion and $3.56 billion respectively.
Note that the growth of open interest occurred in parallel with the increase in the price of Ethereum. On May 23, the price of the asset crossed $3900 amid positive expectations around the potential approval of spot Ethereum-ETFs by the U.S. Securities and Exchange Commission (SEC).
QCP Capital predicted Ethereum's growth by 60% after the approval of spot ETFs based on the asset.
Michael Saylor: approval of spot Ethereum-ETFs will benefit bitcoin
-- The co-founder of MicroStrategy has spoken out on the approval of Ethereum-based crypto-ETFs.
-- This asset class will benefit the first cryptocurrency, Sailor believes.
-- The entrepreneur believes that spot Ethereum-ETFs create another "line of defense" for bitcoin.
Michael Saylor, co-founder of technology giant MicroStrategy, has spoken out about the US Securities and Exchange Commission's (SEC) approval of spot Ethereum-ETFs. The businessman believes that they will benefit bitcoin.
According to Saylor, the approval of any digital asset by regulators has a positive impact on the industry as a whole. This is progress that strengthens the entire crypto industry, the entrepreneur believes.
"Yes, I think it's good for bitcoin. Moreover, I think it can benefit it in a tangible way because politically we are much stronger with the support of the whole industry," Michael Saylor said.
#ethf
-- The co-founder of MicroStrategy has spoken out on the approval of Ethereum-based crypto-ETFs.
-- This asset class will benefit the first cryptocurrency, Sailor believes.
-- The entrepreneur believes that spot Ethereum-ETFs create another "line of defense" for bitcoin.
Michael Saylor, co-founder of technology giant MicroStrategy, has spoken out about the US Securities and Exchange Commission's (SEC) approval of spot Ethereum-ETFs. The businessman believes that they will benefit bitcoin.
According to Saylor, the approval of any digital asset by regulators has a positive impact on the industry as a whole. This is progress that strengthens the entire crypto industry, the entrepreneur believes.
"Yes, I think it's good for bitcoin. Moreover, I think it can benefit it in a tangible way because politically we are much stronger with the support of the whole industry," Michael Saylor said.
#ethf
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Yeni çalışmalar yeni kazançlar için yolumuza devam hedefim şuan #ada#ethf yatırım tavsiyesi olmamakla beraber güzel kazançlar dilerim
Yeni çalışmalar yeni kazançlar için yolumuza devam hedefim şuan #ada#ethf yatırım tavsiyesi olmamakla beraber güzel kazançlar dilerim