November 2, 2024

Taylor Daily Press

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Ethereum Futures Trading Explodes on Major Exchange

Ethereum Futures Trading Explodes on Major Exchange

Activity ether (ETH) Futures on Chicago Mercantile Exchange (CME) Reaching New Heights. Introducing ETH Spot Exchange Traded Funds U.S.-based exchange-traded funds (ETFs) have boosted investor interest in the second-largest cryptocurrency, according to Giovanni Vecioso of the Chicago Mercantile Exchange.

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Ethereum Open Position Log

Number of active people bets In standard ether Futuresalso express interest It reached a record high of 7,661 contracts. This equates to 383,650 ETH and a notional value of $1.4 billion. The previous high of 7,550 contracts was reached a month ago. The standard contract size is 50 ETH.

Cryptocurrency trading volumes reach new heights

On Tuesday, 14,736 Ethereum futures contracts were traded, more than three times the average daily volume of 5,010 contracts in July. This day is also one of the top 10 volume days for Ethereum futures.

Giovanni Vicioso, global head of crypto products at CME Group, attributes the increase in activity to the introduction of spot ETF trading in the US:

β€œThe approval and subsequent trading of spot Ethereum ETFs in the US has revitalized the market, resulting in significant volume growth in our Ethereum products and record open interest in our flagship Ethereum futures contracts,” said Vicioso.

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New investment opportunities

Ethereum ETFs hold ether. This means that investors in the fund have direct exposure to the actual cryptocurrency, rather than derivatives tied to the digital asset. These ETFs are widely expected to attract billions of dollars from investors in the coming months.

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Arbitration Options and Risk Management

These funds can be used for both directional and non-directional arbitrage bets, such as: Bear dealsas is also seen in the Bitcoin market. Additionally, authorized participants, who are tasked with creating and redeeming shares of ETFs, are said to be using regulated products such as CME futures to hedge their exposure.

The adoption of Ether ETFs provides new opportunities for investors and traders to manage their positions and benefit from market movements using regulated and reliable products. CME continues to play a key role in providing transparent risk management tools and market opportunities in the cryptocurrency market.


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