Just a 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
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Day one trading volume across all nine products stood at less than $2 million.
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Ether’s price is up today as traders weigh the possibility of an Ethereum futures ETF launching and a weaker than anticipated inflation print.
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Bloomberg ETF analyst James Seyffart expects more spot Ethereum ETFs to be filed in the coming days.
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Bloomberg Intelligence’s Mike McGlone thinks we may be in for a “global economic reset” that could send Bitcoin down to $10,000.
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The co-filing comes just a week after reports emerged that the SEC is likely to greenlight Ethereum ETF applications.
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The closing of NFT project Recur comes two years after it was valued at $333 million and had the backing of an Ethereum co-founder, the Winklevoss twins and Gary Vee.
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The United States Securities and Exchange Commission isn’t likely to block the debut of Ethereum futures ETFs, according to sources.
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