Bitcoin CME Futures’ Open Interest Reaches Record High of $10B
Notional open interest refers to the dollar value of the active or open futures contracts at a given time.
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Spot Bitcoin ETF Approval Will Trigger ‘Selling Pressure’ on CME Futures Market: K33
Bitcoin futures’ open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval.
CME Topples Binance as Top Bitcoin Futures Exchange as Crypto ETF Excitement Soars
CME’s rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.
CME Whisker Away From Replacing Binance as Top Bitcoin Futures Exchange
With a notional open interest (OI) of $3.54 billion, CME is now the second-largest bitcoin futures exchange.