Weekly Report: CME's Hedge Fund Ethereum Spot Position Hits Record High

The Hedge Fund's Chicago Mercantile Exchange (CME) Ethereum Spot Position has reached a record high.

On the 28th (local time), a representative from the cryptocurrency exchange stated through X that "the Hedge Fund's Ethereum Spot Position at the Chicago Mercantile Exchange has reached a record high," while also noting that "demand for both long positions and Ethereum physical ETFs has increased simultaneously." Furthermore, they mentioned, "This is seen as an influence on the cash and carry trade," and "it indicates the existence of demand following institutional investors rather than individual investors." Earlier, the representative stated, "The demand for Ethereum physical ETFs by institutional investors is increasing," and "the demand for Ethereum physical ETFs will continue to rise alongside Bitcoin and other cryptocurrencies."