Open Interest in CME Group’s Ether Options Reaches Record High
The open interest in CME Group’s ether options market has reached an all-time high, according to data compiled by The Block. In June, the open interest for ether options reached $254 million, indicating a significant number of outstanding contracts.
Here are the key points regarding the open interest in CME Group’s ether options and bitcoin options:
1. Ether Options Open Interest:
– Open interest for ether options reached $254 million in June.
– Volumes for ether options were down in June but have been steadily increasing throughout the year.
– Ether options volume rose from $84 million in January to a peak of $334 million in May.
2. Bitcoin Options Open Interest:
– Open interest for bitcoin options is nearly at all-time highs on CME, currently at $1.59 billion.
– Bitcoin options open interest reached a peak of $1.69 billion in April.
– Bitcoin options volume rose in June for the third consecutive month but remains lower than the peak in March.
Overall, the open interest in CME Group’s ether options market has surged to a record level, indicating a growing interest in trading ether. Despite a slight decline in June, the volumes for ether options have been on an upward trend throughout the year. On the other hand, the open interest for bitcoin options remains strong, although the volume has experienced some fluctuations. This data suggests that both ether and bitcoin options continue to attract attention from traders and investors.
Hot Take
The increasing open interest in CME Group’s ether options market is a clear sign of the growing popularity and demand for trading ether. As the cryptocurrency market continues to evolve, it is essential to monitor these trends and developments closely. Traders and investors should pay attention to the dynamics of both ether and bitcoin options, as they can provide valuable insights into market sentiment and potential price movements.
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