š ETH Open Interest Hits 40% ā Institutional Capital Rotates From BTC to Ethereum š§ š„
According to Glassnode, Ethereum (ETH) now holds a commanding 40% share of open interest in CME Futures ($7.85B) ā the highest since April 2023. In the past 24 hours, ETH futures volume surged to $104.2B, outpacing Bitcoinās $67.5B and signaling a major capital rotation underway.
š Why It Matters:
This shift reflects growing institutional confidence in ETH, supported by:
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StarHeroes DAOās 410 ETH ($1.5M) reserve
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Bernsteinās Treasury Outlook citing 3ā5% ETH staking yield
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Anticipation of ETHās inclusion in the U.S. Digital Asset Stockpile, potentially triggering a 5ā10% rally toward $4,000ā$4,500
šø Capital Flows: ETH Over BTC?
ETH leads in altcoin open interest ($44.2B total)
BTC market cap dominance (59.64%) remains strong, but risks a 3ā5% dip if capital continues shifting to ETH
Over 50% of ETH supply is staked, reducing liquid supply and intensifying price movements
ETF inflows and open interest surge suggest bullish momentum ā but caution is warranted near the $4,500 resistance due to leverage-driven volatility
šļø Whatās Driving the Momentum?
Institutional appetite is likely fueled by regulatory clarity (via the GENIUS Act) and ETHās potential role in the federal Digital Asset Stockpile, which legitimizes it as a strategic reserve asset alongside BTC.
š The narrative is changing: ETH is not just a programmable assetāitās becoming institutional-grade collateral in the emerging global digital economy.
ā ļø Traders and analysts are watching closely. Will ETH lead the next leg of the bull cycle?