A Look Inside The Record-Breaking Year Of Bitcoin And Ethereum Futures

2021 is an incredible year for bitcoin and Ethereum futures.The ProShares Futures ETF made a splash after it became the first bitcoin ETF to be approved by the Securities and Exchange Commission, accumulating more than $1 billion in trading volume in the first two days after it launched. But futures for the two largest cryptocurrencies by market cap have been making a splash before then.

As cryptocurrencies like bitcoin and ethereum had grown into prominence with the bull rally that had begun at the end of 2020, investors looking to invest in the market but wanted to avoid directly holding the digital assets themselves had looked towards alternative ways to gain exposure. Bitcoin and ether futures had presented as the undisputed choice for these investors.

Trading In Bitcoin And Ethereum Futures Ramp Up
Data from The Block Crypto shows that trading in bitcoin and ether futures had ramped up significantly in the year 2021. The numbers show that both digital asset futures recorded a 338% increase compared to volumes for the previous year which came out to be $7 trillion. In total, bitcoin and ether futures had both garnered a combined $32 trillion in trading volume for the year.

This is no doubt the highest trading volume ever recorded for bitcoin and ethereum futures. This growth follows the price surge recorded across the crypto market that saw bitcoin, ethereum, and other digital assets hit new all-time highs.