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Decline In Ethereum Futures On CME Suggests Institutional Investors Are Still Bearish

Summary by Ground News
The Ether-denominated open interest on the CME had previously claimed a new all-time high back in April. But since then, has continued to decline, with more drops recorded over the last weekend. The Ether futures basis is now sitting at a -2.33% while bitcoin remains at 0.63%. ETH Struggles To Hold $1,000 level.
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NewsBTC broke the news in on Thursday, June 30, 2022.
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