
Jakarta, Pintu News â Ethereum is now in the spotlight among institutions with a record high in futures contracts on the Chicago Mercantile Exchange (CME). Open interest for Ethereum Futures reached $7.85 billion, signaling a significant increase in interest among institutional investors.
In addition, Ethereum-based Exchange-Traded Funds (ETF) products have also recorded a net inflow of over $5 billion in the past 16 days, showing a strong accumulation trend.
Read the full analysis in this article!
Open interest on Ethereum Futures on the CME at $7.85 billion shows that many contracts are yet to be settled, reflecting high interest from institutional investors.
This growth has been driven by the need for institutions to manage risk through derivatives while still potentially benefiting from the rising price of Ethereum (ETH). Over the past few months, there has been a gradual increase that has now surpassed previous peaks.
Ethereum-based ETFs also performed impressively with 16 consecutive days of net inflows. Total accumulation nearly reached $5 billion, marking one of the longest accumulation periods since the productâs launch.
The BlackRock Ethereum ETF leads the way with nearly 3 million Ethereum (ETH) under management, confirming investor dominance and confidence in the product.
Read also: Bloomberg Analyst: âThe Era of Bitcoin âGod Candlesâ is Over!â, What Does It Mean?
Ethereum whale transaction activity has also shown a significant increase. Data from Glassnode shows the addition of 170 new addresses each holding more than 10,000 Ethereum (ETH) in the last 30 days.
This increases the total number of mega-whale wallets to 1,050, indicating strong accumulation by large entities that may include funds and storage. Technically, Ethereumâs price is currently at $3,744, having risen by 2.41% in the last 24 hours.
Although daily volume fell 40% to $25.38 billion, market capitalization still grew to $452 billion. Analysis from TradingView shows that Ethereum is still in a long-term âmaster channelâ pattern that has marked key turning points in 2018 and 2021.
With all these indicators, it is clear that Ethereum (ETH) is in a growth phase driven by strong institutional interest.
The combination of increased open interest in futures, steady inflows into ETFs, as well as accumulation activity by whales, all point to a bullish outlook for Ethereum going forward.
Investors and market watchers will keep a close eye on this dynamic to see how it will affect the overall market.
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