Big investors pivoting from Bitcoin to Ether futures: JPMorgan
Ether futures are currently trading at a premium as investors make the switch from Bitcoin-based products. American multinational investment bank JPMorgan has revealed that institutional investors are starting to shy away from Bitcoin futures in favor of Ether derivatives.In a note to investors on Sept. 22, analysts at the Wall Street bank said that Bitcoin futures on the Chicago Mercantile Exchange (CME) have traded at a discount compared to spot BTC prices during September.As a consequence, Ethereum-based products have grown in popularity as investors made the switch to the world’s....
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Ethereum has recently made its way into the radar of institutional investors. More big money has been flowing into the digital asset in recent months following the success of decentralized finance (DeFi). With this much money coming in from institutional investors, the value of ETH has seen significant growth in the past couple of months. Data shows that institutional investors are getting into Ethereum as early as possible, eliminating the possibility of “missing the bus” when the cryptocurrency eventually becomes an important part of traditional finance markets. Ethereum being more....