19 Apr 2023
ETH open interest up 39% on CME
Massive surge in ETH activity following Shanghai, while BTC activity reigns stale. Are institutions rotating exposure?
In short
Following Shanghai, we observe a massive surge in ETH activity on CME while CME's BTC futures face stagnation.
Takeaways
Ether OI on CME up 39% since April 10
BTC OI down 2% in the same period
ETH basis starting to reflect staking yields
