TechFlow news: Trading volume of Ethereum futures on the Chicago Mercantile Exchange (CME) dropped to a nine-month low in August, reflecting declining institutional interest in Ethereum-related financial products.
According to data from The Block, the total monthly trading volume for CME Ethereum futures reached $20.8 billion in August, down 31% from $30.5 billion in July, marking the lowest level since November 2023. CCData's monthly exchange review also observed a similar trend.
Analysts said this indicates institutions' interest in the asset is lower than expected. Additionally, spot Ethereum ETFs managed by firms such as BlackRock and Fidelity also saw lower trading volumes in August compared to July.
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