When will CME ETH micro futures arrive?

[thefairarbiter]

Recent volatility in crypto markets has provided unprecedented opportunities for swing/volatility/combo/spread trading with futures and future options. But I'm priced out of ETHK1 futures (IB maintenance margin: 60%/190%, initial margin 80%/240% [buy long/sell short] , Gain Capital maintenance margin: 51%/51%, initial margin 56%/56% on a 135k contract!) on the CME exchanges.

For the CME, ETH futures came out in February, micro BRR futures just came out at the beginning of this month, micro CL futures are due in July.

How long before CME offers a micro ETH contract? Perhaps a contract worth 0.5 ETH (1/100ETHK1).

 

[MrMuppet]

Recent volatility in crypto markets has provided unprecedented opportunities for swing/volatility/combo/spread trading with futures and future options. But I'm priced out of ETHK1 futures (IB maintenance margin: 60%/190%, initial margin 80%/240% [buy long/sell short] , Gain Capital maintenance margin: 51%/51%, initial margin 56%/56% on a 135k contract!).

Micro BRR futures just came out at the beginning of this month, micro CL futures are due in July.

How long before they offer a micro ETH contract? Perhaps a contract worth 0.5 ETH (1/100ETHK1).

Unless you're in the US, just go trade options and futures at Deribit. Better exchange, better margining and open 24/7/365.
Futures contract size is 1$, options 1 ETH

 

[thefairarbiter]

Unless you're in the US

Not an option. In the US

 

[Overnight]

Not an option. In the US

That's what the word "unless" means.

Today's lesson was brought to you by the letter U.

 

[maxinger]

It may not happen.

Just look at micro BTC futures.
the bid-offer spread is extremely wide.
it can be 10 to 30 ticks wide!!!

time for CME to make the tick size coarser.

 

[The_Krakenite]

Damn...

Already getting close to mid august here, and every day I wake up I've been waiting for mini-ETH futures to arrive.

For now I am ok with just trading derivates on the Toronto/Montreal exchange for ETH ETFs.

 

[The_Krakenite]

Well shit! Looks like we missed it.

Looks like CME already had it before 2022.
https://www.cmegroup.com/markets/cryptocurrencies/ether/micro-ether.html#

Surprised there hasn't been more talk of this.

 

[maxinger]

shit! the daily volume is rather pathetic meager at about 10k / day.
by comparison, micro NQ daily volume is > 1000k

people are simply not interested in trading
cryptocurrency futures.

Time for CME to consider introducing nano Ether futures.

 

[The_Krakenite]

Give it time, now that the gravy-train is coming to an end word travels slowly of financial innovations.

I tried to do my first futures trade last night, unfortunately my broker said I had no permissions.

My next wait & see, is when CME will offer Options on Ether Futures.