Ethereum
Are Ethereum futures the next big thing?
Big investors are beginning to shy away from Bitcoin futures as the currency’s volatility worsens, and are instead heading towards Ethereum.
Big investors are pivoting, moving away from the OG Bitcoin (BTCUSD) and instead looking at Ethereum futures. This week, Bitcoin futures prices fell below the price of an actual Bitcoin (BTCUSD), with analysts saying:
This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin.
However, there’s always another side to the coin, and institutional investors have been moving towards Ethereum instead since August, showing a “strong divergence in demand”, and JP Morgan analysts wrote:
This points to much healthier demand for ethereum vs. bitcoin by institutional investors.