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Home»ADOPTION NEWS»Ethereum options are set to hit a new all-time high with open interest on CME.
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Ethereum options are set to hit a new all-time high with open interest on CME.

By Crypto FlexsFebruary 14, 20243 Mins Read
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Ethereum options are set to hit a new all-time high with open interest on CME.
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Market • February 13, 2024 7:28 AM EST

Posted 1 minute ago In ~

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.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Brian McGleenon is a UK markets reporter for The Block. He has worked as a financial journalist and producer for several news outlets such as Fuji Television, The Independent, Yahoo Finance, The Evening Standard and The Daily Express over the years. Brian is also a screenwriter and producer with one feature film and one in development at Northern Ireland Screen. In addition to web3 and cryptocurrency development, he is also interested in geopolitics, environmental issues, artificial intelligence, and longevity studies. Contact us via email (email protected).
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