According to @AltcoinGordon, Ethereum ETFs just booked their highest-ever weekly inflow at $2.85B, signaling exceptionally strong primary-market demand for ETH exposure, source: @AltcoinGordon on X. For trading impact, sustained ETF net creations can necessitate underlying spot ETH purchases by authorized participants under standard ETF creation processes, which can tighten exchange liquidity and support upside momentum in ETH and the ETH/BTC pair, source: U.S. ETF issuer prospectuses and SEC registration statements. To validate follow-through, monitor real-time ETF flow trackers for persistence of inflows, source: Farside Investors and SoSoValue; confirm spot trend and ETH/BTC strength on major exchanges, source: Coinbase and Binance; and assess institutional positioning via futures basis and open interest alongside options skew and IV for demand for upside hedges, source: CME Group and Deribit.

According to Coinbase International Exchange, Coinbase is acquiring Deribit, the leading crypto options platform, to merge Deribit's options expertise with Coinbase's expanding perpetual futures business. This strategic acquisition aims to create a more comprehensive and efficient derivatives offering for crypto traders, increasing market liquidity and potentially reducing trading costs. The move is expected to enhance Coinbase's competitiveness in the global derivatives market, further integrating options and futures for advanced trading strategies (Source: @CoinbaseIntExch, May 8, 2025).