The Chicago Mercantile Exchange (CME) experienced a surge in Ethereum futures trading during July, reaching an all-time high of $118 billion in monthly volume, according to The Block. This represents an impressive 82% increase compared to the previous month. This substantial growth indicates increasing institutional interest in Ethereum. The report also highlighted a significant rise in CME futures open interest (OI), climbing 75% from $2.97 billion to a record $5.21 billion. Open interest represents the total number of outstanding futures contracts held by market participants at the end of the trading day. The record-breaking volume and open interest on CME suggest that more sophisticated investors are using futures contracts to gain exposure to Ethereum, manage risk, and express their views on its future price movements. This trend further solidifies Ethereum's position as a leading digital asset within the traditional financial landscape. ```

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