CME’s Monthly Crypto Volumes Hits Record High in January, Surges 180%
The surge to hit a new record was partly fueled by the popularity of micro bitcoin and ether futures contracts.
The surge to hit a new record was partly fueled by the popularity of micro bitcoin and ether futures contracts.
Coinbase is looking to list the futures as soon as Feb. 18, it said in the filing.
Futures tracking major tokens outside of bitcoin and ether saw tens of millions in losses, led by XRP at $39 million in an unusually high move.
Since Nov. 20, ETFs have seen over $3 billion in net inflows while open interest on the CME exchange has declined.
Bitcoin has added $30,000 since Donald Trump won the U.S. presidential election and closing in on a $2 trillion market cap.
Deribit’s BTC futures expiring in March, June and September 2025 trade above $100,000.
BlackRock’s IBIT was the first U.S. spot bitcoin ETF to launch with options tied to it. The rest of the pack comes later Wednesday.
A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.
U.S. listed spot ETF inflows continue to break records, as CME open interest spikes in the past 24 hours.
Institutions seem to be moving away from traditional cash and carry arbitrage to pure directional plays, according to observers.