• The trading volume in August hit a new low, not seen since November 2023.

• The total monthly trading volume of CME Ethereum futures in August was $20.8 billion.

In August, the volume of Ethereum futures traded on the Chicago Mercantile Exchange (CME) hit a multi-month low. Based on the data dashboard provided by The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion. From $30.5 billion in July, the expected dollar trading volumes represent a 31% drop. The trading volume in August hit a new low, not seen since November 2023.

The CCData monthly Exchange Review for this week also saw a decline in CME Ethereum futures trading activity.  Institutional interest in Ethereum has been lower than anticipated, as shown by the drop in trading volumes for Ethereum instruments.

Overall Pessimistic Investor Sentiment

Trading volumes for spot Ethereum ETFs, which are managed by corporations like Fidelity and BlackRock, also fell in August compared to July, according to statistics.

Net withdrawals of $47.4 million were observed by U.S. spot Ethereum ETFs on Tuesday, the largest daily negative flows since August 2. At $52.31 million, the Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to announce outflows for the day.

 There were no flows into any of the other seven spot ether ETFs, but $4.91 million went into Fidelity’s FETH. From $173.66 million last Friday to $163.5 million on Tuesday, the daily trading volume of these ether ETFs decreased.

The most recent day that U.S. spot bitcoin exchange-traded funds had negative flows was Tuesday. The net withdrawals for the 12 spot bitcoin ETFs on Tuesday were $287.78 million. The highest negative flows recorded since May 1st, as per SosoValue statistics.

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