Kalshi Launches CFTC-Approved Ethereum Perpetuals at $1,769 with Zero Fees

Kalshi launched CFTC-regulated Ethereum perpetual futures on June 4 under its American Perpetuals brand, offering U.S. traders cleared, non-expiring leveraged ETH exposure with zero trading fees via a waiting list. The rollout follows the June 1 CFTC filing for perps on ETH and 11 other tokens when ETH traded near $2,002. Early market data showed total ETH open interest slipping 6% to $26.48 billion as spot prices fell more than 3% amid broader selling, while Kalshi holds pending applications for SOL, XRP and additional altcoins that could follow if approved.