Large investors have begun to turn their attention to ETH

The futures and options markets are showing increased interest among large investors before Ethereum is on par with Bitcoin. You can be aware of possible changes in priorities in the cryptocurrency market, says CoinDesk coeditor Omkar Godbole.

Data from the Deribit exchange shows that traders are increasingly buying call options on Ethereum.

Interest in Ethereum futures on the Chicago Mercantile Exchange is also showing an increase. Since the start of the quarter, OI on ETH contracts has increased by 186% and $3.15 billion has been accumulated. Godbowl means that growth has accelerated over the remaining two weeks. To compare the OI for Bitcoin futures, the virus increased by 70% and accumulated $17 billion, but stabilized for the rest of the period.

Futures premiums on Ethereum confirm this trend. According to Velo data, monthly ETH futures are trading at a market premium of 10.57%, which is the highest level today. Bitcoin derivatives show 8.74%.