Ethereum’s CME Futures Open Interest hit a record $7.85 billion, signaling increased interest from institutional investors.
Record Open Interest for Ethereum on CME
According to CryptoQuant analyst Maartunn, Ethereum’s CME Futures Open Interest reached a record $7.85 billion. This figure marks an all-time high for these financial products, with open interest referring to the total value of existing contracts that have yet to be settled.
Impact of the GENIUS Act on the Ethereum Ecosystem
It is noteworthy that the CME’s open interest in Ethereum futures has seen gradual buildup over several months, but now is experiencing a sharp rise. This current level has even surpassed those recorded during previous price peaks. In this context, the passage of the GENIUS Act has had a significant impact on the digital asset market.
Inflow of Funds into Ethereum ETFs
In addition to rising open interest in Ethereum futures, Ethereum ETFs are also receiving considerable attention. On July 25, these products logged over $452 million in new investments, with BlackRock’s iShares Ethereum Trust attracting $440.10 million. Moreover, Bitwise and Fidelity added $9.95 million and $7.30 million, respectively. Over the past 16 days, these funds have collectively seen nearly $5 billion in inflows, marking a notable rebound for Ethereum.
The increased interest in Ethereum’s CME futures alongside the rising inflow of funds into ETFs highlights the growing activity of institutional investors in the cryptocurrency market, potentially exerting a lasting impact on Ethereum’s ecosystem.
