Written by

Vetle Lunde

Senior Analyst

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.


Ether OI on CME up 39% since April 10

BTC OI down 2% in the same period

ETH basis starting to reflect staking yields

Source: CME Group, Skew