COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ethereum ETF Approval Causes Market Volatility
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Ethereum ETF Approval Causes Market Volatility
Ethereum (ETH)

Ethereum ETF Approval Causes Market Volatility

In Brief

  • Ethereum ETF approval led to market volatility and long liquidations.

  • ETH price dropped nearly 3% following the ETF approval.

  • Ethereum saw over $150 million in liquidations, surpassing Bitcoin.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

The market experienced a frenzy linked to the spot Ethereum ETF all week. Data following the ETF approval reveals numerous long liquidations on exchanges after the Ethereum ETF approval.

Contents
Ethereum Price DropsLiquidations in Cryptocurrencies

Ethereum Price Drops

Yesterday, the US Securities and Exchange Commission (SEC) approved all eight pending Ethereum spot exchange-traded funds (ETFs) on the final decision date for the VanEck ETF. In short, spot ETFs are investment tools that allow investment based on ETH’s price movements without any token investment.

ETFs are known as a familiar tool for investors in the traditional market. Through ETFs, investors who do not want to waste time with crypto exchanges and wallets can invest in crypto assets.

In the market, a similar approval decision was expected for ETH, akin to the Bitcoin spot ETF process approved in January. Looking back, despite declines after approval and processing, ETFs are known to have driven BTC to its ATH.

Similarly, sales were observed following the Ethereum spot ETF approval. During this process, besides the negativity seen in the rest of the market, the ETH price also experienced a nearly 3% drop.

Liquidations in Cryptocurrencies

According to data provided by Coinglass, the cryptocurrency derivatives market experienced significant impacts from volatile price movements over the past day.

The liquidation data in the table below clearly shows the volatility experienced. During the period shown in the table, over $384 million in futures positions were liquidated. Of the liquidations, over $297 million came from long positions held by investors.

These data indicate that investors opening upward positions constituted 77% of the liquidity. Due to the overall downward price movement seen yesterday, this was naturally observed in long positions.

As seen in the table below, it was not surprising that Ethereum, which has recently been a focal point, hosted the largest liquidations during this period. Ethereum, with over $150 million in liquidations, even surpassed Bitcoin, which saw positions worth $74 million liquidated.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ethereum Draws Major Attention as Staking Activities Surge

Ethereum’s Potential Surge Captivates Enthusiasts: A Closer Look

Ethereum ETFs Capture Massive Interest, Setting New Records in Volume

Discover How Ethereum Innovatively Restructures to Boost Global Influence

SharpLink Gaming Builds Robust Ethereum Portfolio with Strategic Fund

COINTURK NEWS 25 May, 2024 - 4:37 am 25 May, 2024 - 4:37 am
Share This Article
Facebook Twitter
Share
Previous Article Ripple Faces Criticism from Tether and Bitcoin Advocates
Next Article Analyst Examines Axie Infinity and Ethereum Price Movements
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Cardano Seamlessly Integrates with Unreal Engine to Elevate Gaming Experiences
Cardano (ADA)
Expert Predicts Bitcoin’s Path to $160K: What You Need to Know
Bitcoin (BTC)
The Senate Empowered Michelle Bowman in a Key Banking Role
Cryptocurrency News
XRP Defies the Odds with Short-Term Recovery Hopes
Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?