Ether Futures Gain Momentum on CME, Volume Soars Nearly 500%

Ether Futures Gain Momentum on CME, Volume Soars Nearly 500%
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2021-4-26 16:20

Ether futures continue to gain momentum on CME.

At the beginning of the month, CME Ethereum futures recorded $85 million – $135 million in volume, which soared to $680 million on April 22nd, the day Ether price made a new all-time high at $2,650.

The next day when the price crashed to nearly $2,000, CME Ether futures did $578 million in volume. As of writing, ETH/USD is trading around $2,500.

As of April 23, 2021, the open interest on CME Ether futures has been 2,477 contracts, equivalent to 123.1K ether amounting to $300 million.

With this OI, CME is in the top 10; it is at the bottom, with Binance having the highest OI on Ether futures at nearly $1.50 billion, followed by FTX at $1.41 billion, and Huobi $1.07 billion, as per Skew.

Amidst this growing interest in Ether futures, four Ethereum exchange-traded funds (ETF) are currently trading on the Toronto Stock Exchange (TSX). The latest ETF was launched on Friday under the ticker ETHQ.

As we reported, three Ether ETFs were already launched earlier in the week by Purpose Investments which has CAD 39.61 million in assets under management (13,343 ETH), CI Global Asset Management with $92.62 million in AUM, and Evolve ETFs, which has just over $8 million in AUM.

Overall, crypto ETFs are taking over Canada, accounting for four of the top eleven most traded ETFs for a combined $170m worth. “Insane numbers for such young ETFs,” noted Eric Balchunas, a senior ETF analyst for Bloomberg Intelligence.

Ethereum/USD ETHUSD 2,468.5637 $189.83 7.69% Volume 36.41 b Change $189.83 Open$2,468.5637 Circulating 115.63 m Market Cap 285.44 b baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[scripts.length - 1]; var cccTheme = {"Chart": {"fillColor": "rgba(248,155,35,0.2)", "borderColor": "#F89B23"}}; (function () { var appName = encodeURIComponent(window.location.hostname); if (appName == "") { appName = "local"; } var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl + 'serve/v1/coin/chart?fsym=ETH&tsym=USD'; s.src = theUrl + (theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); var single_widget_subscription = single_widget_subscription || []; single_widget_subscription.push("5~CCCAGG~ETH~USD"); The post Ether Futures Gain Momentum on CME, Volume Soars Nearly 500% first appeared on BitcoinExchangeGuide.

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