In late July, exchange-traded funds (ETFs) linked to the price of the cryptocurrency Ether were made available in the US, providing a more convenient way for investors to gain exposure having to hold it themselves.
However, data from digital assets data provider CCData shows a decrease in activity in ether derivatives listed on the Chicago Mercantile Exchange (CME).
Trading volume in Ether futures dropped by 28.7% to $14.8 billion in August, the lowest it has been since December 2023. Volume in Ether options also decreased by 37% to $567 million.
According to CCData, this decline in trading volumes suggests a lower-than-expected interest from institutional investors in Ether, despite the launch of spot ETH ETFs.
The reduced inflows into these ETFs in August further support this trend, and the seasonal effects in August may have contributed to the decline in trading activity.
