Ethereum hits a new all-time high as CME futures go live: Why is ETH price rallying?

February 9, 2021February 16, 2021 Jeannine Cruz Bitcoin, BTC, ETH, Ethereum

Source: TradingView.comWhy is ETH rallying after the CME listing of any importance?The timing of the ETH rally to a new record-high is noteworthy since of the negative belief around it prior to the listing.In December 2017, CME listed the Bitcoin futures agreement for the very first time.” CME listing will be a driver for EthereumResearchers at the CoinMetrics team said in a note that they believe CMEs ETH futures launch might speed up inflows of ETH into the Grayscale Ethereum Trust (ETHE). The scientists said:” CMEs launch may possibly speed up ETH inflows into Grayscales Ethereum Trust (ETHE) – financiers can purchase into the Grayscale Trust while all at once shorting ETH, staying market neutral and taking the ETHE premium.

Source: TradingView.comWhy is ETH rallying after the CME listing of any importance?The timing of the ETH rally to a brand-new record-high is notable since of the negative belief around it prior to the listing.In December 2017, CME noted the Bitcoin futures agreement for the first time.” CME listing will be a driver for EthereumResearchers at the CoinMetrics team said in a note that they believe CMEs ETH futures launch could speed up inflows of ETH into the Grayscale Ethereum Trust (ETHE). The scientists said:” CMEs launch might possibly accelerate ETH inflows into Grayscales Ethereum Trust (ETHE) – financiers can purchase into the Grayscale Trust while simultaneously shorting ETH, staying market neutral and stealing the ETHE premium. The experts stated:” ETH Futures launch on @CMEGroup Bank The very first day of trading for CMEs ETH Futures ended with over $30 million in volume and $20 million in open interest.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

CLAIM YOUR SEAT!

Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.