Ethereum Price Holds $2.47K as SGX Opens US Crypto Perpetual Futures

Key Insights:

• SGX launched Bitcoin and Ether perpetual futures for U.S. institutions, following CFTC approval.
• Spot Ethereum ETFs in the U.S. posted $24.29 million in outflows on September 8.
• ETH crypto is facing some resistance just above $2,600, and the $5,000 monthly breakout is clearly in sight.

Ethereum price is trading near $2,470 as the Singapore Exchange opened Bitcoin and Ethereum perpetual futures to U.S. institutions. Ethereum news expands access to regulated derivatives, while ETF flows remain negative and long-term ETH accumulation remains elevated.

SGX Opens Bitcoin and Ether Perpetual Futures to U.S. Institutions

According to a report, SGX has received CFTC authorization under Regulation 48.10, giving U.S. institutions access to its existing crypto perpetual futures order books. The contracts launched in November 2025 and cover Bitcoin and Ether without fixed expiry dates.

SGX said the products have recorded about $5.8 billion in cumulative volume, equal to roughly 400,000 lots. Bitcoin represented 83% of average daily volume and 66% of open interest at August’s end.

Unlike many crypto-native venues, SGX uses margin calls and additional collateral instead of automatic liquidation during sharp market moves. Trading and clearing remain separate, while clearing members provide another risk-management layer between clients and the exchange.