Bitcoin and Ethereum futures volume fell dramatically in June

Monthly volumes of both Bitcoin and Ethereum futures both fell in June, each falling back to levels last seen in late 2019 and early 2020, according to data collected by The Block.

The monthly volume of Bitcoin futures fell by 40%, from $557 billion to $332 billion, after a record-setting month in May.

As for Ethereum futures, the monthly volume fell by 16% in June (from $72.1 billion to $60.7 billion). That number has been steadily declining since it peaked in February 2020.

In terms of relative popularity, the volume of Bitcoin futures was 5.5 times larger than those of Ethereum futures.