#BTCvsETH ETH open interest has also touched new highs, currently standing at over $56 billion, CoinGlass data shows. The number refers to the amount of money traders have yet to settle while betting on the future price of the asset.

The price rise comes as American investors fast pile into Ethereum exchange-traded funds, thus prompting the ETF issuers to buy up more and more ETH. The products—approved by the SEC last year—received over $726 million in net inflows on Wednesday, the best day in their trading history