Trading activity in Ether futures has surpassed that of Bitcoin on the Chicago-based CME Group, marking a notable shift in the digital asset derivatives market and fueling speculation that Ether may be entering a long-anticipated “super-cycle” — a sustained, multi-year period of accelerated growth driven by rising adoption.
In a recent CME video, Priyanka Jain, the exchange’s director of equity and crypto products, said Ether (ETH) options are currently exhibiting higher volatility than Bitcoin (BTC) options. Rather than deterring participation, she said, the increased volatility has attracted traders and helped drive growth in Ether futures activity.
“This heightened volatility has served as a powerful magnet for traders, directly accelerating participation in CME Group’s Ether futures,” Jain said. “Is this Ether’s long-awaited super-cycle, or merely a catch-up trade driven by short-term volatility?”
The rotation was especially pronounced in July, when the so-called flippening saw open interest in Ether futures overtake that of Bitcoin futures on the exchange for the first time.
While Bitcoin and Micro Bitcoin futures still account for the largest share of activity when measured by US dollar value, Jain said the broader trend is clear: Market participation in Ether-linked products is expanding rapidly.
Source: CME GroupRelated: ETH sells off alongside Bitcoin, but Ether adoption pace still supports rally to $10K
Ether price sees renewed volatility
Ether, Bitcoin and the broader cryptocurrency market came under renewed selling pressure on Monday, extending a volatile period that has capped a difficult month for the sector. The move appeared to follow a coordinated wave of de-risking at the end of November.
Commenting on the sell-off, market analyst CTO Larsson said traders cut exposure immediately after the monthly close.
“People reduced exposure at exactly 00:00 UTC, because the monthly candle closed bad,” he said.
Source: CTO LarssonMeanwhile, Ether treasury companies — corporations that made holding ETH on their balance sheets a core business strategy — have seen the value of their holdings decline sharply. Companies such as SharpLink and Bit Digital are now underwater on their ETH positions, according to data from CoinGecko.
Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’
- #Ethereum
- #CME
- #Futures
- #Ethereum Options
Add reaction
![]()
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A certain Korean CEX is pushing for the reelection of its current CEO, who was previously penalized by regulators due to operational errors
South Korea's second-largest cryptocurrency exchange platform remains committed to supporting CEO Lee Jae-won's reelection, despite the platform facing controversy over a Bitcoin misdisbursement incident and regulatory penalties. Despite major flaws being exposed, the exchange has chosen to maintain operational stability rather than pursue management restructuring.
GateNews1h ago
Strategy Bitcoin holdings have a floating loss of 8.8%, approximately $5.08 billion
On March 22nd, Bitcoin's price declined 2.36% to $69,023, with Strategy's Bitcoin position experiencing an unrealized loss of 8.8%, approximately $5.08 billion. Previously, the price had briefly surpassed $76,000, during which the position was temporarily profitable. As of March 15th, Strategy held 761,068 BTC with a total cost basis of approximately $57.61 billion.
GateNews2h ago
Fractal model predicts Bitcoin will hit bottom in October 2026
Bitcoin shows positive recovery signals, improving market sentiment after a long phase of volatility. However, experts believe the current uptrend is short-term, with deeper correction risks ahead. According to Crypto Rover's fractal model, Bitcoin's price follows a four-year cycle influenced by halving events. The current cycle likely peaked in late 2025, with further declines expected before a potential bottom around 2026. Short-term price fluctuations can mislead investors, emphasizing the importance of understanding these cycles for long-term trends.
TapChiBitcoin2h ago
Bitcoin Mining Cost Rises to $88,000, Miners Lose Approximately $19,000 Per Coin
Rising energy prices and tensions in the Middle East have increased Bitcoin mining costs, with current production costs around $88,000 per BTC. Miners are losing nearly $19,000 per coin, representing an overall loss of 21%. Network mining difficulty has decreased by 7.8%, hashrate has declined, and the market may face selling pressure.
GateNews3h ago
