Crypto prices continue to hold up🚀
On the crypto side, prices continue to hold up with CME announcing that they are going to be launching an ETH/BTC ratio futures spread trade by July 31st, an interesting production expansion following the recent waves of spot ETF filing. Spread trades tend to be popular instruments for institutional holders more than retail, so this is another positive step towards institutional adoption preparation that is a long-term positive for the industry. Furthermore, similar to the move in equities, the recent rally in BTC has been largely concentrated on US hours, breaking a string of out Asia-timezone outperformance for much of this year.
