Short positions are dominating the Ether futures market following Grayscale’s recent withdrawal of its Ether futures ETF application.
A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
Despite optimism earlier in the year, analysts are becoming increasingly doubtful about the chances of the SEC approving a spot Ether ETF as the next May 23 deadline approaches.Polymarket participants are not optimistic about the chances of spot Ethereum ETF approval by the end of May. Source: Polymarkets
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