Open interest in Ethereum options on the Chicago Mercantile Exchange (CME) in February has already surpassed January’s total and is expected to hit a new all-time high, according to The Block’s data dashboard.
CME February Ether options open interest has reached $468 million, with nearly two weeks remaining until month-end expiration on Friday, February 23rd. Currently, Ether open interest exceeds January’s total open interest of $385. million. Open interest for February is currently just below December’s all-time high of $510 million.
Cryptocurrency Trading Volume on CME
CME’s Bitcoin and Ether futures trading volume saw a significant increase in activity in January, coinciding with the U.S. Securities and Exchange Commission’s (SEC) approval of several spot Bitcoin ETFs, according to Bitfinex analysts. “CME’s trading volume surged 35% in January to a peak of $94.9 billion, the highest volume since October 2021, driven by heightened institutional interest in cryptocurrency exposure,” Bitfinex analysts wrote in an email to The Block. “It means you lost,” he said.
Institutional trading volume on the Chicago Mercantile Exchange hit an all-time high. Image: CCData
Bitfinex analysts noted that Ethereum futures showed a significant increase in January. “CME’s Ether futures trading volume also increased 15.6% in January, driven by speculation about the possible approval of an Ether ETF and multiple applications awaiting SEC review,” a Bitfinex Alpha report on Monday said. It was revealed.
The price of Ethereum rose 7.83% to $2,681 at 7 a.m. ET, according to The Block’s pricing page.
The price of Ether is up almost 8% in the last 24 hours. Image: Block.
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