Therefore, even if the price of Bitcoin increased, it would not be able to draw the same amount of institutional interest as CME options. Meanwhile, the circumstances are different for ETH. In 2024, ETH made several attempts to break past the $4,000 mark, but failed each time due to its weak open interest.
In the overall picture, ETH is showing a more bullish outlook compared to BTC lately. According to the market expert, the increase in CME open interest and the absence of retail participation indicate that this disparity might persist in the near to medium future.
