CME Ethereum Futures Volume Hits New Record High of $118 Billion in July

The CME Group’s Ethereum futures market reached a record-breaking volume of $118 billion in July. This surge signifies a significant increase in investor activity and anticipation for further price fluctuations, as witnessed by the 82% jump compared to June’s figures. This trend is particularly evident in open interest, which rose sharply from $2.97 billion in June to $5.21 billion in July, indicating strong market participation and active investment strategies.