According to futures and options market measurements, BTC investors appear to have turned towards ETH.
Touching on fundamental metrics, CoinDesk stated that crypto investors are shifting from Bitcoin (BTC) to Ether (ETH). In CoinDesk’s news, referring to futures and options market data, it was suggested that money shifted to ETH.
According to the news, traditional financial players and sophisticated market participants may soon shift money from BTC to ETH.
Investors set their sights on ETH!
According to the news obtained by CoinDesk based on the data, the options listed on Deribit reveal that the trend is towards Ether (ETH). The market’s tendency towards ETH indicates that notable increases may occur in the future.
While Bitcoin rose over 60 percent this quarter, Ether experienced a major lag, gaining 35 percent in value. Bitcoin has gained 163 percent year-to-date, while Ether has gained 89 percent.
Volatility may narrow as money flows into Ether futures faster than into Bitcoin. The nominal open interest, or dollar value, locked in the Chicago Mercantile Exchange’s (CME) cash-settled Ether futures contract has increased by 30 percent in the past five days to $711 million, according to Velo Data. This data of Ether reached 4.9 billion dollars, surpassing Bitcoin’s 19 percent growth.
CME’s ETH standard futures contract is sized at 50 ETH, while its Bitcoin counterpart is sized at 5 BTC.
The positive difference between pricing for Ether and Bitcoin CME futures suggests the same thing. According to Reflexivity Research, the premium on Ether futures relative to the spot index price was 5 percent higher than on Bitcoin earlier this week.
The futures basis for Ether on the CME (representing the difference between the spot and futures price) is currently trading at a 5 percent premium to Bitcoin, which is over 20 percent.
“It may be too early to say anything definitive, but after two months it looks like traditional finance will begin to return to ETH ETF trading,” Reflexivity Research said. said.
