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Bitget Daily Futures Market Update(0718)

Bitget Daily Futures Market Update(0718)

Bitget2024/07/18 08:54
By:Bitget

In Likely Precursor to Ether ETF Approval, Most Applicants Have Submitted Their Final Forms

Applicants seeking to issue exchange-traded funds tied to Ethereum's ether have now submitted their final documents needed to launch the funds, probably next week.
Asset managers including BlackRock, Fidelity, 21Shares, Grayscale, Bitwise and Invesco Galaxy – who are all in the race to launch ether ETFs in the U.S. – submitted amended S-1 filings on Wednesday.
Two industry sources previously told CoinDesk that U.S. Securities and Exchange Commission staff advised them to file final amendments by Wednesday and that the applications may be deemed effective – essentially, approved – by Monday, with trading to begin Tuesday.
The SEC previously approved 19b-4 forms from NYSE Arca, Cboe and Nasdaq for the various applications for spot ether ETFs near the end of May, resolving a procedural hurdle and giving the strongest indication thus far that it would ultimately approve the spot ether ETF applications.
Source: CoinDesk
 

Futures Market Updates

Bitcoin's stalling at $64K resulted in nearly $28 million long liquidations. The general sentiment is twice more bullish in ETH markets than BTC markets.

Bitcoin Futures Updates

Total BTC Open Interest: $33.82B (-2.10%)
BTC Volume (24H): $55.65B (-29.84%)
BTC Liquidations (24H): $27.96M (Long)/$15.30M (Short)
Long/Short Ratio: 48.95%/51.05%
Funding Rate: 0.0050%
 

Ether Futures Updates

Total ETH Open Interest: $14.10B (-1.47%)
ETH Volume (24H): $21.81B (-26.86%)
ETH Liquidations (24H): $14.90M (Long)/$3.89M (Short)
Long/Short Ratio: 48.25%/51.75%
Funding Rate: 0.0096%

Top 3 OI Surges

ALICE: $16.38M (+123.75%)
PRCL: $2.17M (+112.39%)
RPL: $2.09M (+67.70%)
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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