BTC and ETH Funding Rates Skyrocket Across Markets

Bitcoin (BTC) and Ethereum (ETH) funding rates are surging across cryptocurrency exchanges, signaling a significant shift in market activity driven by both institutional and speculative investors. Key exchange platforms have reported heightened funding rates throughout August, suggesting a substantial re-engagement from institutions and a subsequent surge in market dynamics. This trend is marked by increased interest amongst institutional players such as 21Shares and Fidelity, who are actively readjusting their BTC holdings. On-chain data further shows potential ETH accumulation by large investors, hinting at possible undervaluation of the asset.