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

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.

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