ETH Futures Volume Tops BTC as ETF Inflows Fuel Rally
Ethereum futures volume reached $104.2 billion in 24 hours, outpacing Bitcoin’s $67.5 billion by over 50%. This surge in Ethereum futures volume aligns with a 21% weekly price rally, driven by record Ether ETF inflows. On July 17, U.S. Ether ETFs recorded $727 million in a single day, contributing to a tighter ETH supply and boosting the price to around $3,600. Open interest on ETH futures climbed 6.1% to $32.2 billion, while BTC open interest slid 1.4% to $64.2 billion. Funding rates remain moderate—0.0096% for ETH versus 0.01% for BTC—indicating rising speculative interest without market overheating. The convergence of rising ETF inflows and expanding futures activity suggests traders are positioning for further upside.
Bullish
Ethereum futures volume surpassing Bitcoin and strong Ether ETF inflows are clear bullish signals. In the short term, the surge in futures activity and moderate funding rates point to increased speculative demand without overheating, which can drive further price gains. Over the long term, sustained institutional ETF inflows reduce circulating supply and deepen liquidity, reinforcing ETH’s upward momentum. Rising open interest further underscores market confidence in Ethereum’s outlook and supports potential for continued appreciation.