CME rekindles ETH ‘super-cycle’ debate as Ether futures volume tops Bitcoin

Ether futures overtake Bitcoin on CME as ETH volatility spikes, fueling debate over a potential Ether super-cycle amid a broader crypto market pullback.

Trading activity in Ether futures has surpassed that of Bitcoin on the Chicago-based CME Group, marking a notable shift in the digital asset derivatives market and fueling speculation that Ether may be entering a long-anticipated “super-cycle” — a sustained, multi-year period of accelerated growth driven by rising adoption.

In a recent CME video, Priyanka Jain, the exchange’s director of equity and crypto products, said Ether (ETH) options are currently exhibiting higher volatility than Bitcoin (BTC) options. Rather than deterring participation, she said, the increased volatility has attracted traders and helped drive growth in Ether futures activity.

“This heightened volatility has served as a powerful magnet for traders, directly accelerating participation in CME Group’s Ether futures,” Jain said. “Is this Ether’s long-awaited super-cycle, or merely a catch-up trade driven by short-term volatility?”

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