Richard Teng: ETF TradFi-Perps Hit $116B Volume

Richard Teng highlighted ETF TradFi-Perps posting $116B+ cumulative volume, capturing 19% of total TradFi-Perps volume in July amid 170% average month-over-month growth across seven straight months. The data signals a structural crypto market shift rather than fleeting momentum, with ETF TradFi-Perps volume growth accelerating institutional flows into perpetual futures products. Market participants now track how this expansion intersects with broader Bitcoin derivatives liquidity and TradFi adoption curves.