Oct 11th 2021
CME front-month contract trading at premium
The CME front-month contract traded at a premium to the front-month contracts of the other unregulated futures exchanges in the last week.
Source: Skew.com
In 2021, a CME premium over the other futures exchanges has been an unusual sight, but in the last week, a CME premium on the front-month contract has emerged.
This could indicate that CME traders have a bullish outlook on the ETF decision. Next week could potentially be eventful, as ProShares and Invesco could receive their verdicts.
Throughout the latter parts of 2020, CME traded at a premium to the other futures exchanges. This was a bullish period for bitcoin, with BTC seeing a stable growth up towards the Dec’17 ATH.