The post Ethereum ETF Approval Rumors Spark Massive Market Rally, Santiment Report appeared first on Coinpedia Fintech News
Ethereum has taken center stage for crypto traders, sparking a significant market shift. Speculation that the SEC might approve the first spot Ethereum ETF has fueled a surge in market activity. This follows a robust price surge in Ethereum, which reached $3,759, reflecting a 2.5% increase and bringing its market cap to $451 billion.
Record-Breaking Open Interest
According to a report from the market intelligence platform Santiment, a massive influx in Ethereum futures contracts, with open interest hitting $15.5 billion on Tuesday. This spike coincided with rumors about the SEC’s potential approval of ETH exchange-traded funds.
With #Ethereum front and center for many #crypto traders, we have taken a deep dive to look at what the top metrics are pointing to after a mammoth week. Regardless of the #SEC’s now likely approval of the first $ETH #ETF
We współpracy z: https://coinpedia.org/news/ethereum-etf-approval-rumors-spark-massive-market-rally-santiment-report/
