Ethereum

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Ethereum (ETH) futures have reached unprecedented popularity, driven by renewed optimism regarding the potential approval of spot ETH exchange-traded funds (ETFs) in the United States.
<h2 id="ethereum-etf-hopes-push-futures-open-interest-to-a-record-of-14-billion">Ethereum ETF Hopes Push Futures Open Interest to a Record of $14 Billion</h2>
Notional open interest, which represents the dollar value locked in active Ethereum futures contracts, rose 25% in a single day to $14.05 billion, surpassing the previous peak of $13.2 billion set on March 15, according to data from Coinglass.
The increase in open interest indicates a strong inflow of capital into the Ethereum market, predominantly from bullish investors.
This sentiment was further supported by a 20% increase in the price of ETH, which climbed to $3,720. The simultaneous increase in open interest and price is often seen as a confirmation of an upward trend.
The increased interest in Ethereum futures follows a positive shift in expectations regarding the approval of spot ETH ETFs.
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Late Monday, Bloomberg's ETF analysts raised the likelihood of the U.S. Securities and Exchange Commission (SEC) approving these ETFs from 25% to 75%.
Additionally, the SEC has requested exchanges seeking to list and trade potential spot Ethereum ETFs to expedite their 19b-4 filings.
This development has sparked speculation within the crypto community on X that the SEC may be headed for a positive decision on spot ETH ETFs. Such a move would reflect a broader constructive regulatory stance towards cryptocurrencies.
The SEC is scheduled to make a decision on the VanEck spot Ethereum ETF on May 23. For Ethereum ETFs to begin trading on exchanges, the SEC must approve both 19b-4 filings and S-1 registration statements.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/signs-of-potential-approval-of-ethereum-etfs-cause-record-rise-in-eth-futures-here-are-the-details/" rel="noopener noreferrer nofollow">Signs of Potential Approval of Ethereum ETFs Cause Record Rise in ETH Futures! Here are the Details</a>

Signs of Potential Approval of Ethereum ETFs Cause Record Rise in ETH Futures! Here are the Details

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