After the US SEC approved the spot Ethereum ETF, the open interest of ETH futures and the trading volume of options in May both hit record highs
Golden Finance reported that according to data from Theblockpro, as the U.S. Securities and Exchange Commission approved the spot Ethereum ETF, Ethereum futures open interest rose 52% in May, setting a record high; Ethereum options trading volume reached a record high of US$31.4 billion, up 19.2%, also setting a record high. In terms of Bitcoin, the increase in Bitcoin futures open interest in May reached 12.9%, the trading volume fell 21% to US$1.26 trillion, and the Ethereum futures trading volume rose 0.2%; Bitcoin options open interest rebounded by 30.5%, Ethereum positions also rose by 41.4%, and Bitcoin options trading volume reached US$46.8 billion, down 1.2%. In addition, CME Bitcoin futures open interest increased by 15.9% to US$10.3 billion, and the daily avg volume fell by 9% to about US$4.35 billion; the average monthly trading volume of Ethereum futures decreased to US$692 billion, a slight increase of 0.2%.
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.
You may also like
Africa’s payment giant backed by SoftBank is rushing to list in the US! Opay (OPAY.US) plans to raise $336 million, with its valuation possibly exceeding $4 billion
The payment platform Opay Ltd., which focuses on the Nigerian market, plans to raise up to 336 million dollars through an initial public offering (IPO).
BMT surges past $0.039, briefly up over 40%
Western Digital (WDC.US) CFO refutes claims of AI demand peaking: No signs of weakening, if it cools down it could help us catch up with the demand gap
Western Digital's CFO expressed strong support for AI storage demand, stating that hyperscale cloud providers are continuously increasing capital expenditures and have engaged in discussions regarding supply needs through 2030 to 2031. Although the company's quarterly results exceeded expectations and profit guidance was raised, capital expenditure more than doubled compared to the same period last year, putting pressure on free cash flow. This has sparked concerns in the market about the sustainability of returns on AI data center investments. The stock closed down by about 3% on Friday.
Crypto prices
More
