$ETH The data shows an increasing interest of financial institutions in Ethereum. The open interest on Ethereum at the Chicago Mercantile Exchange (CME) has reached an all-time high, achieving 7.85 billion USD.

According to Mihan Blockchain, Ethereum exchange-traded funds (ETFs) have also recorded over 5 billion USD in net capital flows over the past sixteen days.

A significant increase in institutional demand for Ethereum

According to CryptoQuant analyst Maartunn, the open interest value of Ethereum on CME has now reached its highest level ever.

Open interest refers to the value of contracts that have not yet been settled, and its growth is usually a sign of active participation from large investors and increased market liquidity.

Experts believe that the recent growth is driven by funds seeking to hedge against the risks of their investment portfolios through derivatives, while at the same time not wanting to miss the potential opportunity for a price increase in Ethereum. This surge is the result of months of gradual growth in trading volume and has now surpassed levels recorded during previous Ethereum peaks.#EthereumTurns10 #BinanceHODLerTree