Institutions Flock to Ether After Shapella Upgrade

Since April 10, the number of active, or open, ether futures contracts trading on the Chicago Mercantile Exchange (CME) has risen 39% to 6,248, according to official data. In U.S. dollar terms, open interest has increased by over 70% to $633 million. The tally reached a 12-month high of $675 million on Friday, Coinglass data show. Each contract has a value of 50 ETH and is quoted in US dollars per 1 ether.

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• Source: https://www.coindesk.com/markets/2023/04/19/institutions-flock-to-ether-after-shapella-upgrade/?utm_medium=referral&utm_source=rss&utm_campaign=headlines