Optimism

Billion

Coin

<ul class="news-points"> 
 <li>Ether futures open interest on centralized exchanges has hit a record $14 billion.</li> 
 <li>Daily open interest in Ether futures has risen 40% since early 2024.</li> 
 <li>Optimism for a spot Ether ETF approval has increased, with analysts raising SEC approval odds from 25% to 75%.</li> 
</ul> 
Ether’s open interest futures on centralized exchanges (CEX) have surpassed their previous highs, reflecting increased trading volume. Open interest (OI) measures the aggregated number of open positions in a particular contract, making it a key indicator of market sentiment, liquidity, and investor sentiment. 
According to insights from <a href="https://www.coinglass.com/currencies/ETH" target="_blank" rel="nofollow">CoinGlass,</a> ETH Open Interest futures hit an all-time high of $14 billion on Tuesday. This marked a significant increase in the total value of all Ether’s outstanding contracts. 
On a year-to-date, daily open interest in ether futures has risen 40% from its initial $10 million valuation. Equally, Ether held price gains in its previous intraday session, surging by 21% to trade at $ 3,783, per data from <a href="https://coincodex.com/crypto/ethereum/" target="_blank" rel="nofollow">Coincodex</a>. 
The major driver of this positive trend is the renewed optimism surrounding the approval…
The post <a href="https://coinedition.com/ether-futures-surge-to-record-highs-as-open-interest-tops-14-billion/">Ether Futures Surge to Record Highs as Open Interest Tops $14 Billion</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ether Futures Surge to Record Highs as Open Interest Tops $14 Billion

Coin Edition

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