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Tim McCourt, global head of equity index and alternative investment products at CME Group, said there has been a significant increase in the institutional adoption of cryptocurrencies as the exchange plans to launch Ether futures next month.
CME has announced it intends to launch Ether futures on February 8. The new contract will be cash-settled and based on the CME CF Ether-Dollar Reference Rate, a once-a-day reference rate of the U.S. dollar price of Ether.
Tim McCourt, CME Group
McCourt told Markets Media: “We introduced an Ether reference rate in May 2018 which is a regulated benchmark using the same exchanges and methodology as our Bitcoin reference rate.”
Digital Asset Management Review Powered By CryptoCompare - A Monthly Report Covering The Most Innovative Institutional Products In The Industry, January 21, 2021 - AUM Across All ETPs Increase 95% To Record Highs While Volumes Triple Date
21/01/2021
Today CryptoCompare has released its latest Digital Asset Management Review which is a monthly report covering the most innovative institutional products in the industry. The data shows that assets under management (AUM) and trading volumes are surging for regulated digital asset products such as Listed Trusts and ETNs.
AUM across all ETPs increased 95% to a record $35.96bn
Aggregate ETP volumes almost tripled in January to $837mn/day