Summary
- CME's Ethereum futures open interest reportedly surged to $3.27 billion.
- This is the largest since February 2, with institutional investor interest increasing.
- Ethereum is reportedly showing a simultaneous increase in price and institutional demand.
Open interest (OI) in Ethereum (ETH) futures on the Chicago Mercantile Exchange (CME) has surged. This marks the largest level since last February.
On the 9th (local time), Glassnode announced on X (formerly Twitter), "Ethereum futures open interest on CME has soared to $3.27 billion," adding, "This is the largest amount since February 2 (local time)." They continued, "This indicates increasing interest from institutional investors in Ethereum," and "Ethereum is showing a simultaneous rise in both its price and demand from institutional investors."
As of 10 PM, according to Binance USDT market, Ethereum is trading at $2,660, up 3.06% compared to 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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