Opening Bell - Issue 4

The latest Opening Bell is out and with some great insights heading into the last week of February.

• Ethereum’s rally is significantly outperforming Bitcoin and Solana, with year-to-date gains exceeding 30%. Additionally, Ethereum futures are witnessing a notable increase in premiums.
• For ETF traders, it’s important to note that the majority of trading opportunities are occurring outside of US trading hours, hinting that long-term investors might benefit the most.
• OKX has made remarkable progress in the Bitcoin options trading sector, increasing its market share from 4% to 16% within a year.
• Despite a decrease in weekly ETF inflows, interest in the sector remains strong, indicating a continuously evolving market landscape.
• Growth in CME’s crypto open interest is lagging behind that of crypto exchanges.
• And finally, the recent surge in correlation between BTC and the DXY suggests an important market reversal, something investors should closely monitor.