CME rekindles ETH ‘super-cycle’ debate as Ether futures volume tops Bitcoin
Ether futures volume on CME surpassed Bitcoin's, fueling debate over a potential ETH 'super-cycle' despite broader market pullbacks.Summary
Trading activity in Ether futures on the CME Group has recently overtaken Bitcoin futures, sparking renewed discussion about whether Ether is entering a long-anticipated "super-cycle" of sustained, multi-year growth. Priyanka Jain, CME's director of equity and crypto products, noted that Ether options are exhibiting higher volatility than Bitcoin options, which has paradoxically attracted more traders and accelerated participation in ETH futures. This shift was highlighted in July when open interest in Ether futures briefly surpassed Bitcoin futures for the first time. Although Bitcoin futures still lead in US dollar value, the trend shows rapid expansion in Ether-linked products. This discussion occurs while Ether and the broader crypto market face renewed selling pressure following a volatile November close, causing some Ether treasury companies to see sharp declines in the value of their holdings.
(Source：Cointelegraph)