SEC documents reveal the main reason for Ethereum spot ETF: CME Ethereum futures and spot trading platform correlation is as high as 96% to 99%
According to Wu Shuo, SEC documents show that the main reason for the Ethereum spot ETF is that the correlation between CME Ethereum futures and certain spot Ethereum trading platforms has reached 96% to 99%. Monitoring sharing protocols such as CME can effectively prevent fraud and manipulation issues. Much of the document is devoted to statistical evidence of this high correlation.
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.
You may also like
USDC Treasury mints an additional 250 millions USDC on the Solana chain
225.32 BTC transferred out from Jump Crypto, worth approximately $20.59 million
National Bank of Canada discloses purchase of approximately $273 million worth of Strategy shares