Data: In the past week, the value of CME's open ETH futures contracts has increased by over 70%, reaching the highest level since March 2022

2023-04-19 19:03:03
Collection

ChainCatcher message, according to official data, since April 10, the number of active or open ETH futures contracts traded on the Chicago Mercantile Exchange (CME) has increased by 39%. In dollar terms, the value of open contracts has risen by more than 70%, reaching $633 million, the highest level since March 2022.

Given that CME futures linked to ETH and BTC are widely regarded as a representation of institutional trading activity, it can be inferred that institutional interest in trading ETH has been gradually increasing since the successful Shanghai upgrade. (source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators