đ Ethereum Derivatives Volume Drops on CME đ
- Ethereum derivatives trading on CME saw a sharp decline in August.
- Futures volume fell 28.7% to $14.8B, while options volume dropped 37% to $567M.
- This marks the lowest levels since Dec 2023, following the launch of spot Ethereum ETFs in May.
- Bitcoin futures, however, rose 3.74% to $104B, contrasting Ethereum's downturn.
- Analyst Noelle Acheson suggests a preference for Bitcoin ETFs among investors.
- Competition from Solana (SOL) and TRON (TRX) and seasonality may also play a role.
What are your thoughts on Ethereum's future? Comment below! đŹ
