{"id":36105,"date":"2021-02-09T14:08:00","date_gmt":"2021-02-09T12:08:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36105"},"modified":"2025-08-29T04:40:36","modified_gmt":"2025-08-29T01:40:36","slug":"ethereum-futures-trading-on-cme-surpasses-30-million-on-the-first-day","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-futures-trading-on-cme-surpasses-30-million-on-the-first-day\/","title":{"rendered":"Ethereum futures trading on CME surpasses $30 million on the first day"},"content":{"rendered":"<p>Based on the first trading session, Ethereum futures volume on the Chicago Mercantile Exchange (CME) stood at 338 contracts. That represented more than $30 million with ETH trading at around $1,780 at the time of writing.<!--more--><\/p>\n<p>Open interest in the new product stands at 228 contracts ($20.2 million). One contract is equivalent to 50 ETH.<\/p>\n<div id=\"attachment_124386\" style=\"width: 1064px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124386\" class=\"size-full wp-image-124386\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CME-1.png\" alt=\"Ethereum futures trading on CME first day exceeded $30 million\" width=\"1054\" height=\"155\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CME-1.png 1054w, https:\/\/u1f987.com\/wp-content\/uploads\/CME-1-300x44.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CME-1-1024x151.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CME-1-768x113.png 768w\" sizes=\"auto, (max-width: 1054px) 100vw, 1054px\" \/><\/p>\n<p id=\"caption-attachment-124386\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.cmegroup.com\/trading\/ether-futures.html?utm_source=twitter&#038;utm_medium=organic_social&#038;utm_campaign=ether_futures_launch&#038;utm_content=20210206_football\" target=\"_blank\" rel=\"noopener\">CME Group<\/a>.<\/p>\n<\/div>\n<blockquote>\n<p>&#8220;The reaction to Ethereum was staggering,&#8221; said Tim McCourt, managing director of CME Group.<\/p>\n<\/blockquote>\n<p>In the run-up to <a href=\"https:\/\/u1f987.com\/en\/news\/cme-launches-ethereum-futures\">launch of new CME futures<\/a>, some market participants predicted downward pressure on Ethereum&#8217;s price and a reversal of the trend, as with Bitcoin-based products and the price of the cryptocurrency in late 2017.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Ethereum CME futures start trading tomorrow. <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> <a href=\"https:\/\/t.co\/WOocvbdfAQ\">pic.twitter.com\/WOocvbdfAQ<\/a><\/p>\n<p>\u2014 Crypto Whale (@CryptoWhale) <a href=\"https:\/\/twitter.com\/CryptoWhale\/status\/1358456444186673155?ref_src=twsrc%5Etfw\">February 7, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>However, the second-largest cryptocurrency continued to rise and, in less than 24 hours, set a new price high at around $1,800.<\/p>\n<div id=\"attachment_124387\" style=\"width: 1371px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-124387\" class=\"size-full wp-image-124387\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-25.png\" alt=\"Ethereum futures trading on CME first day exceeded $30 million\" width=\"1361\" height=\"831\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/ETH-25.png 1361w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-25-300x183.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-25-1024x625.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/ETH-25-768x469.png 768w\" sizes=\"auto, (max-width: 1361px) 100vw, 1361px\" \/><\/p>\n<p id=\"caption-attachment-124387\" class=\"wp-caption-text\">Four-hour ETH\/USD chart from Bitstamp on TradingView.<\/p>\n<\/div>\n<p>In a new CoinShares report, the volume of investments in Ethereum-based products over the past week totaled <a href=\"https:\/\/coinshares.com\/research\/digital-asset-fund-flows\" target=\"_blank\" rel=\"noopener\">$245 million<\/a>.<\/p>\n<blockquote>\n<p>&#8220;Investors are seeking opportunities to diversify asset holdings and are becoming increasingly favourable toward Ethereum&#8217;s fundamental characteristics,&#8221; the experts noted.<\/p>\n<\/blockquote>\n<p>Ethereum&#8217;s market capitalization surpassed $200 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/all\" target=\"_blank\" rel=\"noopener\">CoinGecko<\/a>.<\/p>\n<p>On December 28, bitcoin futures trading on CME <a href=\"https:\/\/u1f987.com\/en\/news\/cme-halts-bitcoin-futures-trading-after-gap-exceeding-3000\">was suspended<\/a> due to a gap of more than $3,000.<\/p>\n<p>Subscribe to ForkLog&#8217;s Telegram news: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog FEED<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the first trading session, Ethereum futures volume on the Chicago Mercantile Exchange (CME) stood at 338 contracts. That amounted to more than $30 million with ETH trading at around $1,780 at the time of writing.<\/p>\n","protected":false},"author":1,"featured_media":36106,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[383,1168,46],"class_list":["post-36105","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cme-group","tag-crypto-derivatives","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36105"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36105\/revisions"}],"predecessor-version":[{"id":36107,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36105\/revisions\/36107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36106"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}