Market trends favor ETH over BTC as ETF launch nears. A recent report shows a changing landscape in spot trading volume, options, futures.
The report showed a changing landscape in spot trading volume, options, Futures, and perpetual contracts.
Although ETH ETFs have yet to start trading, a report by Kaiko and a joint report from Block Scholes and Bybit showed changing market preferences.According to the recently released report by Block Scholes and Bybit, there has been a massive landscape shift in spot trading volumes, futures, options, and perpetual contracts.. This mainly arose from increased address activity and a positive market sentiment shift towards ETH.The ETH to BTC ratio has sustained a positive value of 0.
Although the crypto market has experienced high volatility over the past two months, ETH Futures have shown more resilience and quicker recovery than Bitcoin’s Open Interest. The ETF approval seems to have changed the trend after dipping below $200M and reversed the trend after SEC’s approval. Therefore, the ETF anticipation has played a critical role in improving liquidity.Additionally, ETH perpetual contracts have experienced increased trading volume. The increase showed that investors were willing to pay a premium to hold long positions, which showed confidence in crypto’s future potential.
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