Ethereum Futures Trading on CME Declines Post ETH Spot ETF Launch
CryptoNewsTerminal Staff05 Sep, 2024
Ethereum Futures Trading on CME Declines Post ETH Spot ETF Launch
Cryptocurrency news outlet Coindesk, citing a report by CCdata, reported a noticeable decline in trading volumes across ether options and futures on CME Group since the launch of spot ether ETFs. According to the report, ETH futures trading volumes witnessed a 28.7% drop last month, recording $14.8 billion - the lowest since December last year. Similarly, ETH options trading volume plunged 37% over the same period, reaching $567 million. Commenting on the development, CCdata analysts observed, "Post the launch of spot ETFs, institutional interest in ETH has been lower than expected. This trend is likely to continue into September."
