TechFlow reports, according to CoinDesk, bitcoin rose over 60% this quarter, while Ethereum significantly lagged with a 35% gain. However, funds are now flowing rapidly into Ethereum futures, surpassing those for Bitcoin.
Over the past five days, the nominal open interest in Ethereum futures contracts on the Chicago Mercantile Exchange increased by 30%, reaching $711 million, outpacing Bitcoin's 19% growth to $4.9 billion.
Meanwhile, on Deribit's listed options market, traders have begun favoring Ethereum call options and Bitcoin put options.
Key derivatives market indicators show that sophisticated traders are shifting their focus from Bitcoin (BTC), which has recently performed strongly, to Ethereum (ETH), suggesting that its native token may outperform Bitcoin in the coming weeks.
