Key Takeaways:
- Ethereum’s 24-hour futures trading volume surged 51% to $65 billion, surpassing Bitcoin and signaling heightened speculative interest.
- Institutional inflows into ETH products hit $583 million last week—the highest since February—driving bullish sentiment and potential price volatility.
Ethereum (ETH) is taking center stage in the crypto market this week as a dramatic surge in futures volumes signals renewed conviction among traders. According to data from Coinglass, Ethereum’s 24-hour futures trading volumes skyrocketed by 51% to reach $65 billion—surpassing Bitcoin (BTC), which posted $60 billion in the same period. This shift underscores a rising appetite for Ethereum, both among retail speculators and institutional investors.
Ethereum Leads Derivatives Market With Soaring Futures and Options Volumes
The recent spike in Ethereum futures volumes marks the highest across the crypto sector, with ETH now firmly in the spotlight. Open interest in Ethereum also remains elevated, currently at $36 billion, after briefly hitting an all-time high of $41 billion last week.
Options markets mirror this momentum, with ETH options open interest jumping 114% in the past 24 hours to reach $8.7 billion. Meanwhile, options volume also surged to $1 billion—highlighting the intensified speculative positioning around Ethereum’s short-term trajectory.
On major exchanges such as Binance and OKX, the long/short ratio for Ethereum is currently above 1, reflecting a market bias toward bullish bets. Among top traders on Binance, this ratio climbs even higher to 3.15, suggesting strong confidence in further ETH upside.
Institutional Inflows Reach Highest Since February
Beyond retail and speculative trading, institutional demand for Ethereum is surging. CoinShares’ latest report shows inflows to ETH products hit $583 million last week—the highest level since February 2025. Ethereum ranked second only to Bitcoin, which recorded $1.3 billion in inflows over the same period.
This wave of institutional interest has propelled Ethereum’s month-to-date inflows to $879 million, outpacing all other altcoins, which collectively garnered just $25 million. A large portion of this capital is attributed to spot Ethereum ETFs, which saw a weekly inflow of $528 million, according to SoSoValue.
Further fueling this trend are efforts by firms like Sharplink Gaming to launch ETH-based treasuries, which are drawing more traditional finance players into the Ethereum ecosystem.
ETH Price Holds Steady as Volatility Looms
At press time on June 16, Ethereum is trading at $2,616—marking a modest 3.8% gain in the past 24 hours. While the price action remains relatively calm, analysts warn that surging derivatives activity could usher in heightened volatility. Historically, elevated futures and options volumes tend to precede large market swings due to potential liquidations of leveraged positions.
Also Read: Ethereum Eyes $3K as Spot Demand Surges and Derivatives Reset Fuel Bullish Momentum
Still, with exchange reserves declining and demand surging, ETH could be poised for an upward breakout. Analysts at CoinGape recently noted signs of a looming Ethereum supply crunch, suggesting that reduced availability on exchanges could drive prices higher in the short to mid-term.
As the market eyes Ethereum’s next move, long-term forecasts from 2025 to 2030 continue to project significant upside, underpinned by institutional adoption, ETF growth, and Ethereum’s central role in the Web3 ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
