Ethereum continues to strengthen its position in the cryptocurrency market, setting a new CME open interest record surpassing $10 billion.
New Open Interest Record
Data shows that open interest in Ethereum futures at CME has reached $10 billion for the first time in history. This milestone reflects growing interest from institutional investors. Furthermore, the number of active large open interest holders (over 25 ETH) has reached 101.
Ether and Institutional Investments
Giovanni Vicioso, global head of cryptocurrency products at CME Group, noted that the growing interest in Ether futures signals a resurgence of enthusiasm among institutional market participants. He also highlighted the importance of increased network activity and corporate Ether accumulation.
Comparison with Bitcoin
Alongside the growing interest in Ethereum, the Bitcoin market is showing lower open interest figures. While Bitcoin futures open interest remains at 137,300 BTC ($15.3 billion), Ethereum's open interest indicates notable success. Data suggests a capital shift from Bitcoin to Ethereum.
With the rise in open interest at CME and the increase in market share, Ethereum demonstrates strong performance and maintains confidence among institutional investors.
