CME’s Micro Ether (ETH) Futures Coming Next Month on December 6

By Bhushan Akolkar
November 3, 2021 Updated November 3, 2021
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As more and more investors warm up to Ethereym, the Chicago Mercantile Group (CME) will expand its crypto derivatives offerings introducing the Micro Ether Futures next month on December 6.

Sized at one-tenth of one ETH, the product offering seeks to provide an efficient and cost-effective way for retail and institutional players to trade the Ether derivatives. The announcement comes just at a time when Ether (ETH) is trading at its all-time high levels above $4600 levels.

The world’s second-largest cryptocurrency has been rallying strongly over the last month and has entered a new price discovery zone. Earlier this year in February, the CME Group launched the first Ether Futures in the market. Speaking of the recent development,

The new Micro Ether futures from CME Group will track will be cash-settled based on the CME CF Ether-reference rate. Tim McCourt, CME Group Global Head of Equity Index and Alternative Investment Products said:

“Since the launch of Ether futures in February, we have seen steady growth in liquidity in these contracts, especially among institutional traders. At the same time, the price of ether has more than doubled since these contracts were introduced, creating demand for a micro-sized contract to make this market even more accessible to a broader range of participants. Micro Ether futures will offer even more choice and precision in how they trade Ether futures in a transparent, regulated and efficient manner at CME Group.”

Previously, the CME Group has already launched the micro Bitcoin futures back in May. This derivatives product has traded more than 2.7 million contracts as of date.

Ethereum Futures ETF Coming?

Amid the recent launch of the bitcoin futures ETF, there’s been a strong demand currently in the market for introducing a similar derivatives product for Ethereum. As per the latest report, the Ethereum futures derivative product could be arriving very time soon by the first quarter of 2022.

The world’s second-largest cryptocurrency has been one of the top performers this year in the market. analysts predict that the ETH price can touch $10K by the end of the year. 

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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