Ethereum futures trading volume has surpassed Bitcoin for the first time, reaching $62.1 billion versus Bitcoin’s $61.7 billion within 24 hours according to analytics firm Glassnode. The shift signals growing institutional confidence in Ethereum amid increasing utilization of its blockchain capabilities.
This reversal stems from Ethereum’s broader utility in decentralized finance (DeFi) applications and smart contract innovations, which have prompted portfolio rebalancing by institutional entities including asset manager Bit Digital. Traders now favor Ethereum derivatives for hedging strategies as capital inflows accelerate into its ecosystem.
Market analysts interpret the milestone as evidence of Ethereum’s expanding market influence, with network upgrades and clearer regulatory perspectives further boosting institutional participation. The trend highlights how blockchain functionality beyond store-of-value propositions attracts sophisticated capital to next-generation financial infrastructure.