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Ether (CME) COT report: hedge fund and commercial positioning

Ether futures on the CME, cash-settled.

Data updated November 3, 2026 (positions as of Tuesday)

This week · report of November 3, 2026

Leveraged funds (hedge funds and CTAs) is net short 3,699 contracts of Ether (CME) futures.

16.2% of open interest · +326 on the week · +4,250 in four weeks

Extreme long: COT index 93 of 100 over 52 weeks, 82 over three years (ring).

Most shortMost long
Asset managers

Net short 1,825

Pension funds, insurers and mutual funds. 52-week index 29.

Dealers

Net long 7,406

Banks and market makers. 52-week index 28.

Open interest

22,869 contracts

Leveraged funds (hedge funds and CTAs) held a net short position of 3,699 contracts in Ether (CME) (16.2% of open interest), near the most long of the past year.

Asset managers (pension funds, insurers, mutual funds) held a net short position of 1,825 contracts in Ether (CME) (8.0% of open interest), in the lower part of its one-year range.

Dealers (banks and market makers) held a net long position of 7,406 contracts in Ether (CME) (32.4% of open interest), in the lower part of its one-year range.

All three groups this week

Leveraged funds

Hedge funds and CTAs

93

Net short 3,699

contracts, 16.2% of open interest · +326 on the week

Most shortMost long

Asset managers

Pension funds, insurers, mutual funds

29

Net short 1,825

contracts, 8.0% of open interest · −641 on the week

Most shortMost long

Dealers

Banks and market makers

28

Net long 7,406

contracts, 32.4% of open interest · +519 on the week

Most shortMost long
GroupNet contracts% of OI1 week4 weeksIndex 52WIndex 3Y
Leveraged funds-3,699-16.2%3264,2509382
Asset managers-1,825-8.0%-641-1,2362919
Dealers7,40632.4%519-1,6822844

Open interest 22,869 contracts. Report of November 3, 2026 (Traders in Financial Futures, futures only).

Net positions, three years

-50%0%50%202420252026
Leveraged fundsAsset managersDealers

Questions

Are hedge funds long or short Ether (CME)?

Leveraged funds (hedge funds and CTAs) held a net short position of 3,699 contracts in Ether (CME) (16.2% of open interest), near the most long of the past year. Report of November 3, 2026.

What is the COT report?

The Commitments of Traders is a weekly CFTC report of open positions in US futures markets, split by type of trader. It reflects positions as of Tuesday and is published on Friday afternoon. Commodity markets use the Disaggregated report (producers, swap dealers, managed money); financial futures use the Traders in Financial Futures report (dealers, asset managers, leveraged funds).

What is the COT index?

It places the latest net position between the lowest (0) and highest (100) of a look-back window, here 52 weeks and 3 years. Readings near 0 or 100 mean the group is at an extreme of its recent range; they describe positioning and do not predict prices on their own.

Related

Source: CFTC Commitments of Traders (Traders in Financial Futures, futures only). Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.