bitcoin

Decline in Ether Futures Volumes Indicates Lower Institutional Interest

The Big Whale

05 Sep 2024 — 1 min read

Ether futures volumes on CME declined 28.7% in August, reaching the lowest level since December 2023.
Volume in ether options also fell 37% in August.
This decline suggests lower institutional interest in ether, potentially due to the launch of spot ETH ETFs and seasonality effects.
In contrast, bitcoin futures volumes on CME rose 3.74% in August.
Globally, there has been a shift towards bitcoin, indicating a more conservative market sentiment and less appetite for risk in smaller cryptocurrencies.

Summary :
Ether futures volumes on the Chicago Mercantile Exchange (CME) declined in August, reaching the lowest level since December 2023. Trading volume in ether futures dropped by 28.7% to $14.8 billion, while volume in ether options fell by 37% to $567 million. This decline in trading volumes suggests lower institutional interest in ether, possibly due to the launch of spot ether ETFs and seasonality effects. In contrast, bitcoin futures volumes on CME rose by 3.74% to $104 billion in August. This shift towards bitcoin indicates a more conservative market sentiment and a decreased appetite for risk in smaller cryptocurrencies.

Sources :

- Coindesk
- CoinTelegraph
- TheBlock
- Coindesk

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