CME GROUP ANNOUNCES PLANS TO LAUNCH ETH TO BTC RATIO FUTURES

Summary from the TLDR Crypto newsletter

CME Group is planning to introduce ETH-BTC ratio futures by July 31, subject to regulatory approval. The ETH-BTC ratio is one of the most popular ratios crypto native traders use to understand market cycles. DeFi users also often trade this ratio when there are relative value opportunities. Now with this instrument, traditional funds can get exposure to this ratio. This comes after the exchange's addition of daily expirations for bitcoin and ether futures options contracts in May.