ETH Futures Advise Caution Even As ETF Flows Soar
The post ETH Futures Advise Caution Even As ETF Flows Soar appeared on BitcoinEthereumNews.com. Key takeaways: Ether drops 4% drop despite ETF inflows, and this shows traders are skeptical about a move back to $3,000. Negative funding and options metrics signal low confidence in ETH’s short-term price strength. Ether (ETH) price lost 4% in the past seven days while the broader cryptocurrency market capitalization gained 1%, calling into question the odds of a rally to $4,000. Ether derivatives point to reduced demand for leveraged bullish bets even as Bitcoin (BTC) trades a mere 4% below its all-time high. Total crypto capitalization, USD (green) vs. ETH/USD (blue). Source: TradingView / Cointelegraph Ether’s rejection from the $2,800 level on June 11 did not diminish appetite for exchange-traded funds (ETFs), as those instruments accumulated $322 million in inflows over the following two weeks. However, the movement could reflect traders pricing in higher odds of upcoming changes that would improve the ETFs’ utility and accessibility. The US Securities and Exchange Commission (SEC) is analyzing requests to allow “in-kind” creations and redemptions, in addition to evaluating whether those ETFs can offer native staking operations, validating transactions in exchange for ETH rewards. Bloomberg analyst James Seyffart noted that the SEC has an intermediary deadline in late August. Weak ETH leverage demand suggests investors may favor upcoming altcoin ETFs The lack of demand for bullish ETH leveraged positions could signal reduced confidence, especially as other altcoins may soon gain their own ETFs, including Solana (SOL), Litecoin (LTC), Polkadot (DOT) and XRP (XRP). Bloomberg analyst Eric Balchunas expects a 90% or higher chance of approval for those instruments in 2025. ETH perpetual futures annualized funding rate. Source: laevitas.ch Typically, bulls pay to maintain their leveraged positions, but the reverse occurs in bearish markets. The current -2% annualized rate is not extraordinary, but it shows weak conviction at the current $2,400 ETH price.…
The post ETH Futures Advise Caution Even As ETF Flows Soar appeared on BitcoinEthereumNews.com.
Key takeaways: Ether drops 4% drop despite ETF inflows, and this shows traders are skeptical about a move back to $3,000. Negative funding and options metrics signal low confidence in ETH’s short-term price strength. Ether (ETH) price lost 4% in the past seven days while the broader cryptocurrency market capitalization gained 1%, calling into question the odds of a rally to $4,000. Ether derivatives point to reduced demand for leveraged bullish bets even as Bitcoin (BTC) trades a mere 4% below its all-time high. Total crypto capitalization, USD (green) vs. ETH/USD (blue). Source: TradingView / Cointelegraph Ether’s rejection from the $2,800 level on June 11 did not diminish appetite for exchange-traded funds (ETFs), as those instruments accumulated $322 million in inflows over the following two weeks. However, the movement could reflect traders pricing in higher odds of upcoming changes that would improve the ETFs’ utility and accessibility. The US Securities and Exchange Commission (SEC) is analyzing requests to allow “in-kind” creations and redemptions, in addition to evaluating whether those ETFs can offer native staking operations, validating transactions in exchange for ETH rewards. Bloomberg analyst James Seyffart noted that the SEC has an intermediary deadline in late August. Weak ETH leverage demand suggests investors may favor upcoming altcoin ETFs The lack of demand for bullish ETH leveraged positions could signal reduced confidence, especially as other altcoins may soon gain their own ETFs, including Solana (SOL), Litecoin (LTC), Polkadot (DOT) and XRP (XRP). Bloomberg analyst Eric Balchunas expects a 90% or higher chance of approval for those instruments in 2025. ETH perpetual futures annualized funding rate. Source: laevitas.ch Typically, bulls pay to maintain their leveraged positions, but the reverse occurs in bearish markets. The current -2% annualized rate is not extraordinary, but it shows weak conviction at the current $2,400 ETH price.…
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