Bitget Daily Futures Market Update(0718)

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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%)

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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Russia plans to relax the investment threshold for digital assets, Texas allocates $5 million to Bitcoin ETF, an Ethereum whale sells 20,000 ETH, Arca's Chief Investment Officer says MSTR does not need to sell BTC, and the S&P 500 Index may rise by 12% next year. Summary generated by Mars AI. The accuracy and completeness of this summary produced by the Mars AI model are still being iteratively updated.

MarsBit•2025/11/26 18:36

Mars Morning News | Russia Plans to Ease Digital Asset Investment Thresholds, Expanding Legal Participation of Citizens in the Crypto Market

x402 The most crucial piece of the puzzle? Switchboard aims to rebuild the "oracle layer" from scratch

Switchboard is an oracle project within the Solana ecosystem and proposes to provide a data service layer for the x402 protocol. It adopts a TEE technology architecture, is compatible with x402 protocol standards, supports a pay-per-call billing model, and removes the API Key mechanism, aiming to build a trusted data service layer. Summary generated by Mars AI. The accuracy and completeness of this content, generated by the Mars AI model, is still in an iterative update phase.

MarsBit•2025/11/26 18:35

x402 The most crucial piece of the puzzle? Switchboard aims to rebuild the "oracle layer" from scratch

CleanSpark: Revenue doubles to $766 million in fiscal year 2025, with net profit reaching $365 million.

Cointime•2025/11/26 17:09

Who would be the most crypto-friendly Federal Reserve Chair? Analysis of the candidate list and key timeline

Global markets are closely watching the change of Federal Reserve Chair: Hassett leading the race could trigger a crypto Christmas rally, while the appointment of hawkish Waller may become the biggest bearish factor.

深潮•2025/11/26 17:09