According to Odaily Planet Daily, with the debut of the Ethereum spot ETF, the open interest of CME Ethereum futures contracts rose to a record 7,661 contracts on Tuesday, equivalent to 383,650 ETH (notional value of US$1.4 billion).
The previous peak of 7,550 contracts was set a month ago, with a standard contract size of 50 ETH.
In terms of trading volume, CME's Ethereum futures contracts traded 14,736 contracts on Tuesday, three times the average daily volume in July (5,010 contracts). Tuesday was also one of the 10 highest trading days for Ethereum futures.
Giovanni Vicioso, global head of cryptocurrency products at CME Group, attributed the surge in trading activity to the launch of spot Ethereum ETF trading in the United States.
