Ethereum futures hit record highs following spot ETF approval | • CRYPTO NEWS • #BTC • #ETH •
Ethereum futures hit record highs following spot ETF approval
The approval of spot Ethereum ETFs added a layer of legitimacy to the crypto ecosystem, yet it didn’t ignite a massive price rally for ETH. Instead, the real action surged in the derivatives market. Futures open interest catapulted from $10.57 billion to an all-time high of $17.12 billion, fueled by speculative fervor and institutional involvement, notably on exchanges like Binance and CME.
