Bitget Futures Market Updates: Ethereum Crossed US$2.4K After ETF Application Amendement

Bitget2024/02/08 06:41

By:Bitget

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Ethereum Crossed US$2.4K After ETF Application Amendement

Ethereum's native token Ether jumped above $2,400 Wednesday afternoon to a two-week high as asset managers Ark Invest and 21Shares amended their joint spot ETH ETF filing. While Bitcoin is the largest cryptocurrency, many in the industry argue that Ether has a distinct set of use cases that would make the cryptocurrency particularly useful to financial advisors.

A key roadblock to approving the vehicles is whether the agency considers ethereum to be a security, commodity, or something else entirely— a designation the SEC has so far avoided making officially. Nevertheless, ETH's price advanced nearly 2% within an hour from when the news appeared, breaking above $2,400 for the first time since January 22. The second-largest crypto by market cap was up 2.4% over the past 24 hours and outperformed the broader cryptocurrency market.

Futures Market Updates

The total OI for both Bitcoin and Ethereum saw small increases. Same to 24H volume; the Long/Short ratio and Funding Rate indicates slightly bullish sentiment across markets for the two biggest cryptocurrencies.

Bitcoin Futures Updates

Total BTC Open Interest: $19.26B (+7.19%)

BTC Volume (24H): $41.23B (+48.44%)

BTC Liquidations (24H): $5.06M (Long)/$41.10M (Short)

Long/Short Ratio: 52.31%/47.69%

Funding Rate: 0.0079%

Ether Futures Updates

Total ETH Open Interest: $8.45B (+1.70%)

ETH Volume (24H): $17.39B (+4.01%)

ETH Liquidations (24H): $3.14M (Long)/$3.14M (Short)

Long/Short Ratio: 51.26%/48.74%

Funding Rate: 0.0050%

Top 3 OI Surges

MLK: $3.79K (+0.80%)

XEC: $11.53K (-17.36%)

USDT: $62.61K (-0.79%)

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Broadcom's stock price plummeted due to market repricing triggered by "seller-guaranteed" credit risk concerns. As traditional cloud giants near the limit of their capital expenditures, both Broadcom and Nvidia have entered the market by providing guarantees for SPVs to securitize computing power and attract private credit funds. While this move extends AI capital expenditures, it has also intensified market worries about issues such as rising debt levels, residual chip value, and customer concentration risks.

华尔街见闻•2026/08/15 06:41