Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitget Daily Futures Market Update(0718)

Bitget Daily Futures Market Update(0718)

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%)
1

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

South Korean regulators intervene as competition grows in crypto lending

Share link:In this post: South Korean financial authorities have announced the implementation of new “virtual asset lending service” guidelines. The new user protection measures include mandatory online training and eligibility tests for first-time users, with lending limits set based on trading experience. South Korea’s top financial regulator had crypto exchanges suspend new digital asset lending services weeks ago, citing risks and regulatory clarity needs.

Cryptopolitan2025/09/05 18:30

Sora, Robot Consulting unveil billion-crypto treasury plans in big Asia push

Share link:In this post: Sora Ventures launched Asia’s first Bitcoin treasury fund with plans to buy $1 billion in BTC within six months. The fund pools $200 million in commitments to support and expand Bitcoin treasury strategies across Asia and beyond. Robot Consulting announced plans to invest up to ¥1 billion in Ethereum as part of its legal technology strategy.

Cryptopolitan2025/09/05 18:30

SEC and CFTC to host joint roundtable on crypto regulation September 29

Share link:In this post: The SEC and CFTC have announced their planned coordination to support crypto, DeFi, prediction markets, perpetual contracts, and portfolio margin. They want to reduce regulatory gaps, expand trading hours, and use innovation exemptions to keep US markets competitive. A joint roundtable on regulatory harmonization will be held on September 29, 2025.

Cryptopolitan2025/09/05 18:30
SEC and CFTC to host joint roundtable on crypto regulation September 29

Dialogue with BlackRock CEO Larry Fink: AI and Asset Tokenization Will Reshape the Future of Investing

BlackRock CEO Larry Fink shared the company's development journey, emphasized that risk technology is at the core of its culture, discussed trends in AI and asset tokenization, and described his shift in perception of bitcoin—from criticism to recognizing its value as a hedging tool. Summary generated by Mars AI This summary was generated by the Mars AI model, and its accuracy and completeness are still being iteratively updated.

MarsBit2025/09/05 18:30
Dialogue with BlackRock CEO Larry Fink: AI and Asset Tokenization Will Reshape the Future of Investing