According to TechFlow, Ethereum futures trading volume at the Chicago Mercantile Exchange (CME) fell to a nine-month low in August, reflecting a decline in institutional interest in Ethereum-related financial products.

According to data from The Block, the total monthly trading volume of CME Ethereum futures in August was $20.8 billion, down 31% from $30.5 billion in July, hitting a new low since November 2023. CCData's monthly exchange review also observed a similar trend.

Analysts said this indicated that institutional interest in the asset was lower than expected. In addition, spot Ethereum ETFs managed by companies such as BlackRock and Fidelity also saw lower trading volumes in August compared to July.