Open interest for Ethereum The sudden blast of optimism has fueled a rush of upward movement across markets, and CoinGlass data Deribit CEO Luuk Strijers told “This surge [in futures trading] reflects the heightened market activity and interest as traders and investors position themselves to capitalize on the potential approval,” Strijers said. In the derivatives market, futures contracts are an agreement to buy or sell an asset at a specific price at a later date. They allow traders to speculate on movements in an asset’s price.It’s a marked turnaround for the second largest cryptocurrency after months of hand wringing. Until this week, it was expected by industry observers and analysts that the SEC would not approve a spot ETH exchange traded fund (ETF) by the May 23 deadline. But yesterday, ETF analysts at Bloomberg The price of ETH has rocketed as a result: ETH is And it isn’t only ETH that is doing well: almost every other coin and token is up. Bitcoin, the biggest and oldest cryptocurrency, yesterday Meme coins and tokens have also Lots of top asset managers have If approved, ordinary investors could get exposure to ETH by buying shares that track the price of the cryptocurrency, which is the second biggest by market cap.Edited by Ryan Ozawa.
