
U.S. SEC approves 8 spot Ether ETFs. Open interest of ETH futures reaches new record high. Bitcoin and Ether ETPs expected to debut on London Stock Exchange on 28 May.
U.S. SEC approves 8 spot Ether ETFs. Open interest of ETH futures reaches new record high. Bitcoin and Ether ETPs expected to debut on London Stock Exchange on 28 May.
All three crypto market indices increased last week. Price index increased by +7.04%, while volume and volatility indices increased more drastically by +46.74% and +29.89%, respectively. Volume and volatility changes were led by ETH and ARB, which rallied in association with the approval of the U.S. Spot Ether ETFs.
Open interest for Ether futures on centralised exchanges reached a new record high of $14.9 billion on 22 May ahead of SEC’s approval of ETH ETFs, indicating increased trading activities. Open interest (OI) is used to measure the total value of all outstanding futures contracts across exchanges and indicate market activity and trader sentiment around one asset.
BTC increased by +4.1% while ETH increased significantly by +26.6% in the past seven days. The price action for other selected top market cap tokens was mostly positive. ICP (-3.5%) led the drop while LIDO (+53.1%) led the gains as it solved a security breach involving one of its node operators, Numic.
All the selected key categories were up in terms of market capitalisation changes in the past seven days, with the meme category leading the gains.
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Research and Insights Team
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