Ethereum Futures Surge to All-Time Highs, Signaling Institutional Interest

Open interest for Ethereum futures on the CME Exchange has reached an unprecedented $10 billion, indicating a significant market valuation and driving a surge in institutional activity. This milestone is fueled by major players like BitMine, which aims to secure a 5% stake of Ethereum’s total supply, further accelerating market momentum. Recent data shows large open positions have surged, with over 101 investors involved, while CME micro contracts attract significant attention. The surge is also reflected in the growing popularity of Ethereum ETFs, with US markets seeing $3.69 billion in inflows since August began.