19 Apr 2023
ETH open interest up 39% on CMEMassive surge in ETH activity following Shanghai, while BTC activity reigns stale. Are institutions rotating exposure?
Source: CME Group, Skew
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