Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum futures volume surpasses Bitcoin for first time amid 5 month high

Ethereum futures volume surpasses Bitcoin for first time amid 5 month high

CryptoSlateCryptoSlate2025/07/11 05:46
By:Liam 'Akiba' Wright

Ethereum’s daily futures trading volume exceeded Bitcoin’s for the first time on July 10, a landmark development that coincided with the asset’s price testing the $3,000 level.

The technical flip in the derivatives market indicates a potential shift in trader sentiment and capital allocation, lending credence to narratives of a changing market structure.

Data from Glassnode showed that 24-hour Ethereum futures volume reached $62.1 billion, surpassing Bitcoin’s $61.7 billion. The ratio of ETH to BTC futures volume surged past parity, demonstrating that traders are, for the first time, speculating on and hedging with Ethereum at a scale comparable to Bitcoin.

Ethereum futures volume surpasses Bitcoin for first time amid 5 month high image 0 Crypto futures volume (Source: Glassnode)

Spot Ethereum ETFs in the US, which have provided a more traditional pathway for exposure to ETH, are partly fueling this. July 10 saw record-breaking inflows of 138,000 ETH, and the second-largest inflow in dollar terms at $381 million.

Ethereum futures volume surpasses Bitcoin for first time amid 5 month high image 1 ETH ETF inflows (Source: Coinglass)

However, they come with a critical distinction. The currently approved ETFs do not permit the staking of the underlying assets. This means investors miss out on the yield generated through network validation, a core component of Ethereum’s economic model and a feature that positions it as a potentially yield-bearing asset.

To this point, the SEC has delayed decisions on allowing staking within these products. However, a Solana staking ETF is now live, indicating tides are changing.

Beyond the influence of ETFs, other forms of institutional adoption are growing. The move by some corporate treasuries to acquire Ethereum signals a deepening conviction in the asset’s long-term value. This month, BTCS Inc., a blockchain technology company, announced a strategy to raise $100 million for strategic Ethereum acquisitions.

In a statement reported by Nasdaq, BTCS CEO Charles Allen framed the pivot as a testament to a belief that Ethereum “has significant growth potential and is central to the future digital financial infrastructure” and an anticipation of its significant appreciation. This trend supports analysis from firms like Grayscale, which argues that Ethereum’s vast developer community and established network effects give it a durable advantage despite competition from newer blockchains.

The combination of a strong derivatives market and new institutional inflows is fueling the rotational trade narrative, a theory in which capital flows from Bitcoin into Ethereum, potentially triggering a broader market rally for other digital assets or an alt-season.

The current market forces appear to be following this historical pattern, leading to increased speculation that Ethereum’s strength could lift the broader altcoin market. The culmination of these events, from the futures market flip and price surge to the launch of new financial products, marks a clear resurgence in Ethereum’s standing within the current digital asset economy.

The post Ethereum futures volume surpasses Bitcoin for first time amid 5 month high appeared first on CryptoSlate.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!