CME's ether options market sees open interest hit all-time high

Markets • July 2, 2023, 2:35PM EDT
UPDATED: July 7, 2023, 10:45AM EDT
The Block Illustration by Zoe Ellyse Del Rosario for The Block

Quick Take

  • The Block’s data dashboard shows CME ether options market’s open interest clocked in at $254 million this month.

Open interest in CME Group's ether options is at an all-time high, according to data compiled by The Block.

CME Group's ether options market's open interest clocked in at $254 million in July. Open interest refers to the number of contracts outstanding.

Open interest for bitcoin options is nearly at all-time highs on CME, with OI sitting at $1.59 billion, according to The Block's data dashboard. In April, OI for options tied to the largest cryptocurrency hit $1.69 billion. 

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Volumes for ether options, which were down in June, have been on a steady increase for much of the year, rising from $84 million in January to a peak in May of $334 million. As for bitcoin options, they rose in June for the third month running, but remain down from a peak in March.


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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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