Cryptocurrencies
Ethereum Bulls Versus Bitcoin Signaled in Futures, Chart Shows
This article is for subscribers only.
Ethereum is challenging Bitcoin’s dominance in the crypto world as signs of institutional adoption grow. Its one-month forward contract is trading at a 8.37% premium to the spot price, versus Bitcoin’s 6.58% premium, illustrating a higher level of bullishness for the former. The bottom panel tracks the ratio of open interest value in Ethereum contracts versus Bitcoin, which has increased from less than 0.1 in April to nearly 0.3 as it attracts more attention from institutional investors. For more, read this Functions for Market article here or FFM <GO>.
Follow @crypto Twitter for the latest news.