Matrixport: Long ETH Futures Position Increases to 3.1 Million ETH or Hints at Ether ETF Approval Soon
July 10 (Bloomberg) - Matrixport reports that Ether (ETH) futures positions are trending long, despite a pullback in prices, with long ETH futures positions increasing from 2.7 million ETH to 3.1 million ETH since the market's rally on May 20, suggesting that futures traders are expecting an ETH ETF to be approved soon. Even though spot prices have yet to reflect this sentiment, market sentiment remains bullish, and this may not be a "sell the news" event.
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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