Matrixport: Long positions in ETH futures increase to 3.1 million ETH, which may suggest that the Ethereum ETF is about to be approved

ChainCatcher news, Matrixport stated that Ethereum (ETH) futures positions are showing a bullish trend. Despite a price pullback, ETH futures long positions have increased from 2.7 million ETH to 3.1 million ETH since the market rise on May 20. This indicates that futures traders expect the Ethereum ETF to be approved soon.

Even though spot prices have not yet reflected this sentiment, market sentiment remains bullish, and this time it may not trigger a "sell the news" event.