Ethereum CME futures annualised premium to spot has been trading >10%, overtaking that of Bitcoin, prompting the rotation of the basis position out of Bitcoin and into Ethereum...

In line with the price action since May, the US ETH spot ETFs have seen a steady stream of inflows.

Spot Ether ETFs recorded a net inflow of nearly $2.4 billion in the past six trading days, far above spot Bitcoin ETFs, which recorded only $827 million during the same period.