Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.
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.
The SEC is on the brink of approving a first spot bitcoin ETF in the U.S. after 10 years of failed applications.
There was a growth of regulated, centrally-cleared derivatives venues this year, the report said.
The commissioners discussed issues like conflict of interest before ultimately voting in favor of the margined bitcoin futures company.
The fundamentals of investing give an answer, and the impact from BTC ETFs from the likes of BlackRock and Fidelity could be huge.
Futures and options market metrics suggest traditional finance players and sophisticated market participants may soon rotate money into ether from bitcoin.
The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.
The rare signal indicates that institutions have long exposure but not via spot, one observer said.
Trading interest in DOGE bets rose more than 40% in the past 24 hours to reach the highest level since April.
