Report: Financial Institutions’ Enthusiasm for Ethereum Declines After ETF Launch $BTC
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Last July, the US Ethereum Spot ETF was launched, giving investors exposure to the digital currency without having to store it. However, just one month after the launch, trading volumes in Ethereum-related derivatives on the Chicago Mercantile Exchange (CME) have seen a significant decline
According to data from CCData, a London-based digital asset research firm, Ethereum futures volume fell 28.7% in August to $14.8 billion. Options volume fell 37.0% to $567 million, the lowest since December 2023.
